Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/296701 
Erscheinungsjahr: 
2023
Schriftenreihe/Nr.: 
UCD Centre for Economic Research Working Paper Series No. WP23/27
Verlag: 
University College Dublin, UCD School of Economics, Dublin
Zusammenfassung: 
We examine how people's forecasts for oil or gasoline prices influence their forecasts for broader inflation. We find little evidence from two US household surveys that people over-react to their beliefs about gasoline prices when formulating their forecasts about inflation, with much of the evidence pointing towards under-reaction. We also show that the participants in the ECB's Survey of Professional Forecasters and the Wall Street Journal survey of economists appear to place too little weight on their subjective forecasts for oil prices when making their forecasts for total inflation.
JEL: 
E31
E52
D84
Q47
Dokumentart: 
Working Paper

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