SPATIAL APPROACH TO HETEROGENEITY OF INFLATION EXPECTATIONS IN THE EURO AREA

Magdalena Szyszko; Karolina Tura-Gawron

doi:10.20472/efc.2018.010.037

SPATIAL APPROACH TO HETEROGENEITY OF INFLATION EXPECTATIONS IN THE EURO AREA

Abstract

In this article, we examine the spatial heterogeneities in inflation expectations of the euro area consumers. We expect to find them heterogeneous in our research period of 2001-2016. Contrary to standard examination of heterogeneity, a spatial correlation analysis is applied by referring to global and local correlation measures. It is performed with the economic distance-based weights (the difference in HICP rates). Application of spatial analysis is the main contribution of our examination. Standard examinations ignore spatial relations and might be misleading. Our findings suggest that expectations are heterogeneous once the differences of inflation rates represent economic distance between the countries that we cover by our examination.

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Authors (2)

Magdalena Szyszko dr
Karolina Tura-Gawron dr

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Keywords

INFLATION EXPECTATIONS, EXPECTATIONS HETEROGENEITY, EURO AREA, SPATIAL ANALYSIS

Details

Category:: Conference activity
Type:: materiały konferencyjne indeksowane w Web of Science
Title of issue:: Proceedings of the 10th Economics & Finance Conference strony 525 - 536
ISSN:: 2336-6044
Language:: English
Publication year:: 2018
Bibliographic description:: Szyszko M., Tura-Gawron K..: SPATIAL APPROACH TO HETEROGENEITY OF INFLATION EXPECTATIONS IN THE EURO AREA, W: Proceedings of the 10th Economics & Finance Conference, 2018, ,.
DOI:: Digital Object Identifier (open in new tab) 10.20472/efc.2018.010.037
Verified by:: Gdańsk University of Technology