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Activity Funded

Heterogeneous expectations in inflation with switching forecast rules: prices, wages, and volatility

Heterogeneidade de expectativas de inflação com mudança de regras de previsão: preços, salários e volatilidade

Reference
2023.16623.ICDT
Project Start Date
2025-12-12
Project End Date
2028-12-11
Principal Investigator
Scientific Area
Social sciences
Funding Program
Concurso de Projetos de IC&DT em Todos os Domínios Científicos 2023

Abstract

This project aims to measure price and wage inflation expectations by modelling agents as being able to choose between different expectation rules based on their past performance. The study will be conducted by a group of two nuclear researchers (who specialize in macroeconomics and econometrics) and several consultants with positions in leading monetary policy institutions (who will aid with feedback and in dissemination of the results).

Institutions

Main Institutions

  • Associação ISCTE Conhecimento e Inovação - Centro de Valorização e Transferência de Tecnologias (Iscte CI-CVTT)

Other Institutions

  • Universidade de Lisboa Centro de Matematica Aplicada à Previsão e Decisão Económica (ULisboa CEMAPRE)

Funding 216.000,00 €

Fundação para a Ciência e a Tecnologia (FCT) - Portugal

216.000,00 €