FORMOVANIE NÁZOROV NA POCIŤOVANÚ A OČAKÁVANÚ INFLÁCIU. POHĽAD BEHAVIORÁLNEJ EKONÓMIE

• Authors: Baláž Vladimír

Title variants

EN

Forming opinions on perceived and expected inflation. A view by behavioural economics

• Languages of publication: SK

Abstracts

EN

This paper analyses formation of consumer opinions on perceived and expected inflation in the Euro area and selected transition economies in 1985 - 2008. Selected social and demographic groups accounted for their own patterns of price perception and forecasting. These patterns repeated in all observed countries. Consumer's sense of his/her familiarity and competence regarding the price development were main factors in evaluation of inflation rates by knowledgeable individuals and proved useful, when estimating actual price growth. Familiarity and competence, however, misled when estimating future price growth.

Keywords

EN

BEHAVIOURAL ECONOMICS; INFLATION EXPECTATIONS; PERCEIVED INFLATION

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2009
• Volume: 57
• Issue: 6
• Pages: 568-586
• Document type: ARTICLE

Contributors

author

Baláž Vladimír

• Prognostický ústav SAV, Šancová 56, 811 05 Bratislava, Slovak Republic

• Vladimir Balaz, Prognosticky ustav SAV, Sancova 56, 811 05 Bratislava, Slovak Republic; www.ec.sav.sk

Identifiers

CEJSH db identifier

10SKAAAA08569