Inflationary expectations and rationality revisited

被引：24

作者：

Grant, AP ^{[1
]}

Thomas, LB ^{[1
]}

机构：

[1] Eastern Illinois Univ, Dept Econ, Charleston, IL 61920 USA

来源：

ECONOMICS LETTERS | 1999年 / 62卷 / 03期

关键词：

cointegration; inflation expectations; survey rationality;

D O I：

10.1016/S0165-1765(98)00244-4

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We find evidence indicating cointegration between each of three survey measures of inflation expectations and actual inflation. Using Johansen's framework, we confirm weak-form rationality for each survey, and estimate significant speeds of adjustment for both inflation and inflation expectations. (C) 1999 Elsevier Science S.A. All rights reserved.

引用

页码：331 / 338

页数：8

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