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Export Reference (APA) 
Cornea-Madeira, A. & Madeira, J. (2022). Econometric analysis of switching expectations in UK inflation*. Oxford Bulletin of Economics and Statistics. 84 (3), 651-673
Export Reference (IEEE) 
A. Cornea-Madeira and J. A. Madeira,  "Econometric analysis of switching expectations in UK inflation*", in Oxford Bulletin of Economics and Statistics, vol. 84, no. 3, pp. 651-673, 2022
Export BibTeX 
@article{cornea-madeira2022_1716081364368,
	author = "Cornea-Madeira, A. and Madeira, J.",
	title = "Econometric analysis of switching expectations in UK inflation*",
	journal = "Oxford Bulletin of Economics and Statistics",
	year = "2022",
	volume = "84",
	number = "3",
	doi = "10.1111/obes.12479",
	pages = "651-673",
	url = "https://onlinelibrary.wiley.com/journal/14680084"
}
Export RIS 
TY  - JOUR
TI  - Econometric analysis of switching expectations in UK inflation*
T2  - Oxford Bulletin of Economics and Statistics
VL  - 84
IS  - 3
AU  - Cornea-Madeira, A.
AU  - Madeira, J.
PY  - 2022
SP  - 651-673
SN  - 0305-9049
DO  - 10.1111/obes.12479
UR  - https://onlinelibrary.wiley.com/journal/14680084
AB  - We estimate with UK data a Phillips curve model with backward-looking and forward-looking methods of determining inflation expectations and with agents switching between these based on their recent performance. We find that, while on average backward-looking and forward-looking methods have about equal weight, there are considerable movements in the weight given to each method. We show this model has better in-sample fit than other Phillips curve models and this is robust to the methodology chosen. The model out-of-sample forecasts on certain dates do better than other Phillips curve models and the Atkeson and Ohanian model.
ER  -