What affects inflation expectations? Evidence from the Sticky Information Phillips Curve

Yingying Xu

doi:10.1109/CCDC.2016.7530979

What affects inflation expectations? Evidence from the Sticky Information Phillips Curve

Yingying Xu^*

^*Corresponding author for this work

School of Humanities and Social Sciences(School of Public Administration）

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

Using data of Consumers Saving Survey, this paper investigates the macro and micro factors of inflation expectations in China within the framework of the Sticky Information Phillips Curve (SIPC). The results reveal that the inflation, exchange rate, media coverage, the inflation perception, interest rate, financial markets, and the imported inflation cause the inflation expectation statistically. Furthermore, the real inflation and media coverage raise inflation expectations immediately, and the inflation expectation raises output gap, the inflation perception, and interest rate. Research results shed some light on the management of inflation expectations.

Original language	English
Title of host publication	Proceedings of the 28th Chinese Control and Decision Conference, CCDC 2016
Publisher	Institute of Electrical and Electronics Engineers Inc.
Pages	196-201
Number of pages	6
ISBN (Electronic)	9781467397148
DOIs	https://doi.org/10.1109/CCDC.2016.7530979
State	Published - 3 Aug 2016
Event	28th Chinese Control and Decision Conference, CCDC 2016 - Yinchuan, China Duration: 28 May 2016 → 30 May 2016

Publication series

Name	Proceedings of the 28th Chinese Control and Decision Conference, CCDC 2016

Conference

Conference	28th Chinese Control and Decision Conference, CCDC 2016
Country/Territory	China
City	Yinchuan
Period	28/05/16 → 30/05/16

Keywords

Inflation Expectation
Inflation Perception
Media Coverage
Sticky Information Phillips Curve

Access to Document

10.1109/CCDC.2016.7530979

Cite this

Xu, Y. (2016). What affects inflation expectations? Evidence from the Sticky Information Phillips Curve. In Proceedings of the 28th Chinese Control and Decision Conference, CCDC 2016 (pp. 196-201). Article 7530979 (Proceedings of the 28th Chinese Control and Decision Conference, CCDC 2016). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/CCDC.2016.7530979

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title = "What affects inflation expectations? Evidence from the Sticky Information Phillips Curve",

abstract = "Using data of Consumers Saving Survey, this paper investigates the macro and micro factors of inflation expectations in China within the framework of the Sticky Information Phillips Curve (SIPC). The results reveal that the inflation, exchange rate, media coverage, the inflation perception, interest rate, financial markets, and the imported inflation cause the inflation expectation statistically. Furthermore, the real inflation and media coverage raise inflation expectations immediately, and the inflation expectation raises output gap, the inflation perception, and interest rate. Research results shed some light on the management of inflation expectations.",

keywords = "Inflation Expectation, Inflation Perception, Media Coverage, Sticky Information Phillips Curve",

author = "Yingying Xu",

note = "Publisher Copyright: {\textcopyright} 2016 IEEE.; 28th Chinese Control and Decision Conference, CCDC 2016 ; Conference date: 28-05-2016 Through 30-05-2016",

year = "2016",

month = aug,

day = "3",

doi = "10.1109/CCDC.2016.7530979",

language = "英语",

series = "Proceedings of the 28th Chinese Control and Decision Conference, CCDC 2016",

publisher = "Institute of Electrical and Electronics Engineers Inc.",

pages = "196--201",

booktitle = "Proceedings of the 28th Chinese Control and Decision Conference, CCDC 2016",

address = "美国",

}

Xu, Y 2016, What affects inflation expectations? Evidence from the Sticky Information Phillips Curve. in Proceedings of the 28th Chinese Control and Decision Conference, CCDC 2016., 7530979, Proceedings of the 28th Chinese Control and Decision Conference, CCDC 2016, Institute of Electrical and Electronics Engineers Inc., pp. 196-201, 28th Chinese Control and Decision Conference, CCDC 2016, Yinchuan, China, 28/05/16. https://doi.org/10.1109/CCDC.2016.7530979

What affects inflation expectations? Evidence from the Sticky Information Phillips Curve. / Xu, Yingying.
Proceedings of the 28th Chinese Control and Decision Conference, CCDC 2016. Institute of Electrical and Electronics Engineers Inc., 2016. p. 196-201 7530979 (Proceedings of the 28th Chinese Control and Decision Conference, CCDC 2016).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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PY - 2016/8/3

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N2 - Using data of Consumers Saving Survey, this paper investigates the macro and micro factors of inflation expectations in China within the framework of the Sticky Information Phillips Curve (SIPC). The results reveal that the inflation, exchange rate, media coverage, the inflation perception, interest rate, financial markets, and the imported inflation cause the inflation expectation statistically. Furthermore, the real inflation and media coverage raise inflation expectations immediately, and the inflation expectation raises output gap, the inflation perception, and interest rate. Research results shed some light on the management of inflation expectations.

AB - Using data of Consumers Saving Survey, this paper investigates the macro and micro factors of inflation expectations in China within the framework of the Sticky Information Phillips Curve (SIPC). The results reveal that the inflation, exchange rate, media coverage, the inflation perception, interest rate, financial markets, and the imported inflation cause the inflation expectation statistically. Furthermore, the real inflation and media coverage raise inflation expectations immediately, and the inflation expectation raises output gap, the inflation perception, and interest rate. Research results shed some light on the management of inflation expectations.

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KW - Inflation Perception

KW - Media Coverage

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PB - Institute of Electrical and Electronics Engineers Inc.

T2 - 28th Chinese Control and Decision Conference, CCDC 2016

Y2 - 28 May 2016 through 30 May 2016

ER -

What affects inflation expectations? Evidence from the Sticky Information Phillips Curve

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Keywords

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