ECB Working Paper Series

- Central Banking staff
- 09 Aug 2002

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RESEARCH - The rationality of consumers' inflation expectations: survey-based evidence for the euro area, by M. Forsells and G. Kenny, August 2002. The results suggest consumers' inflation expectations in the euro area satisfy an intermediate rather that a complete form of rationality. Interestingly, perhaps reflecting changes in the monetary regime, there is also evidence of "growing" rationality over the 1990s compared with the 1980s.

ECB Working Paper

Abstract:

This paper uses survey data to

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