Original scientific paper
Can Croatian Consumers Predict Inflation Dynamics?
Petar Sorić
Full text: english pdf 670 Kb
page 27-58
downloads: 778
cite
APA 6th Edition
Sorić, P. (2012). Can Croatian Consumers Predict Inflation Dynamics?. Privredna kretanja i ekonomska politika, 22 (131), 27-58. Retrieved from https://hrcak.srce.hr/85013
MLA 8th Edition
Sorić, Petar. "Can Croatian Consumers Predict Inflation Dynamics?." Privredna kretanja i ekonomska politika, vol. 22, no. 131, 2012, pp. 27-58. https://hrcak.srce.hr/85013. Accessed 14 Mar. 2025.
Chicago 17th Edition
Sorić, Petar. "Can Croatian Consumers Predict Inflation Dynamics?." Privredna kretanja i ekonomska politika 22, no. 131 (2012): 27-58. https://hrcak.srce.hr/85013
Harvard
Sorić, P. (2012). 'Can Croatian Consumers Predict Inflation Dynamics?', Privredna kretanja i ekonomska politika, 22(131), pp. 27-58. Available at: https://hrcak.srce.hr/85013 (Accessed 14 March 2025)
Vancouver
Sorić P. Can Croatian Consumers Predict Inflation Dynamics?. Privredna kretanja i ekonomska politika [Internet]. 2012 [cited 2025 March 14];22(131):27-58. Available from: https://hrcak.srce.hr/85013
IEEE
P. Sorić, "Can Croatian Consumers Predict Inflation Dynamics?", Privredna kretanja i ekonomska politika, vol.22, no. 131, pp. 27-58, 2012. [Online]. Available: https://hrcak.srce.hr/85013. [Accessed: 14 March 2025]
Full text: croatian pdf 165 Kb
page 27-58
downloads: 688
cite
APA 6th Edition
Sorić, P. (2012). Can Croatian Consumers Predict Inflation Dynamics?. Privredna kretanja i ekonomska politika, 22 (131), 27-58. Retrieved from https://hrcak.srce.hr/85013
MLA 8th Edition
Sorić, Petar. "Can Croatian Consumers Predict Inflation Dynamics?." Privredna kretanja i ekonomska politika, vol. 22, no. 131, 2012, pp. 27-58. https://hrcak.srce.hr/85013. Accessed 14 Mar. 2025.
Chicago 17th Edition
Sorić, Petar. "Can Croatian Consumers Predict Inflation Dynamics?." Privredna kretanja i ekonomska politika 22, no. 131 (2012): 27-58. https://hrcak.srce.hr/85013
Harvard
Sorić, P. (2012). 'Can Croatian Consumers Predict Inflation Dynamics?', Privredna kretanja i ekonomska politika, 22(131), pp. 27-58. Available at: https://hrcak.srce.hr/85013 (Accessed 14 March 2025)
Vancouver
Sorić P. Can Croatian Consumers Predict Inflation Dynamics?. Privredna kretanja i ekonomska politika [Internet]. 2012 [cited 2025 March 14];22(131):27-58. Available from: https://hrcak.srce.hr/85013
IEEE
P. Sorić, "Can Croatian Consumers Predict Inflation Dynamics?", Privredna kretanja i ekonomska politika, vol.22, no. 131, pp. 27-58, 2012. [Online]. Available: https://hrcak.srce.hr/85013. [Accessed: 14 March 2025]
Abstract
There exists a variety of papers dealing with the inflation generating process in Croatia. However, none of them touches upon the psychological factors driving inflation. Therefore this paper aims to fill in that niche. Applying the Carlson-Parkin method on consumer survey results, a direct measure of expected inflation is obtained. Its predictive characteristics regarding actual inflation dynamics are examined. It is found that Croatian consumers tend to produce biased expectations of actual inflation; hence they are proven not to be strictly rational in forming inflation expectations. Nevertheless, the consumers’ expectation errors are not significantly influenced by the other observed macroeconomic variables. In that regard, the consumers’ inflation expectations can be characterized as efficient in the strong sense.
Keywords
Carlson-Parkin method; expected inflation; rational expectations; Croatia
Hrčak ID:
85013
URI
https://hrcak.srce.hr/85013
Publication date:
30.7.2012.
Article data in other languages:
croatian
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