How does the public perceive an unprecedented rise in inflation: The case of inflationary expectations in Israel

Amnon Levy; Avia Spivak

doi:10.1016/0164-0704(88)90063-8

How does the public perceive an unprecedented rise in inflation: The case of inflationary expectations in Israel

Amnon Levy
, Avia Spivak

Department of Economics

Research output: Contribution to journal › Article › peer-review

Abstract

Inflation in Israel has passed through distinct phases of constant trends. Inflationary expectation's survey for a period containing a large shift in actual inflation from one phase to another reveals that the shift had not been perceived immediately by the survey's participants, but that the average expected inflation rate converges gradually to the new long-run level according to an S-shaped learning curve.

Original language	English
Pages (from-to)	273-282
Number of pages	10
Journal	Journal of Macroeconomics
Volume	10
Issue number	2
DOIs	https://doi.org/10.1016/0164-0704(88)90063-8
State	Published - 1 Jan 1988

ASJC Scopus subject areas

Economics and Econometrics

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10.1016/0164-0704(88)90063-8

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title = "How does the public perceive an unprecedented rise in inflation: The case of inflationary expectations in Israel",

abstract = "Inflation in Israel has passed through distinct phases of constant trends. Inflationary expectation's survey for a period containing a large shift in actual inflation from one phase to another reveals that the shift had not been perceived immediately by the survey's participants, but that the average expected inflation rate converges gradually to the new long-run level according to an S-shaped learning curve.",

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AB - Inflation in Israel has passed through distinct phases of constant trends. Inflationary expectation's survey for a period containing a large shift in actual inflation from one phase to another reveals that the shift had not been perceived immediately by the survey's participants, but that the average expected inflation rate converges gradually to the new long-run level according to an S-shaped learning curve.

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How does the public perceive an unprecedented rise in inflation: The case of inflationary expectations in Israel

Abstract

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