• Media type: Report; E-Book
  • Title: Determinants of Inflation Expectations
  • Contributor: Moessner, Richhild [Author]
  • imprint: Munich: Center for Economic Studies and ifo Institute (CESifo), 2021
  • Language: English
  • Keywords: exchange rates ; E52 ; food prices ; inflation ; inflation expectations ; E58
  • Origination:
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  • Description: This paper analyses the determinants of short-term inflation expectations based on surveys of professionals, using dynamic cross-country panel estimation for a large number of 34 OECD economies. We find that food consumer price inflation and depreciations of the domestic exchange rate have significant positive effects on professionals' survey-based inflation expectations. Moreover, core consumer price inflation and the output gap have significant positive effects.
  • Access State: Open Access