Czynniki wyjaśniające zjawisko luki percepcji wśród konsumentów w okresie przyjmowania euro

• Authors: Krystian Mucha

Title variants

EN

A Perception Gap Among Consumers at the Time of Euro Adoption

• Languages of publication: PL

Abstracts

EN

The paper describes a wide range of approaches to what is known as a perception gap among consumers in the European Union after most member countries switched to the single European currency in 2002. The author focuses on issues linked with the consumer theory, analyzing why consumers are unable to properly estimate the value of inflation-in terms of its compatibility withtheHarmonized Index of Consumer Prices (HICP), an inflation and price stability indicator used by the European Central Bank. The first part of the paper outlines research theories related to the perception gap. These include the theories of limited rationality and rational passivity, in addition to behavioral economics and neuroeconomics. The second part of the paper discusses factors behind the perception of inflation, taking into account theoretical discussions conducted as part of various scientific disciplines. This approach is designed to show the state of debate on the perception of inflation and stress the growing role of heterodox approaches in contemporary economics, Mucha says.

Keywords

EN

perception gap; single European currency; euro; consumer theory; Inflation

• Publisher: Szkoła Główna Handlowa w Warszawie. Kolegium Analiz Ekonomicznych
• Journal: Gospodarka Narodowa. The Polish Journal of Economics
• Year: 2010
• Volume: 237
• Issue: 1-2
• Pages: 67-87

Dates

published

2010-02-28

Contributors

author

Krystian Mucha

Identifiers

DOI

10.33119/GN/101167