The Euro Changeover and the Factors Influencing Perceived Inflation

The most flamboyant economic effect of the euro changeover on consumers was a dramatic increase in perceived inflation. To directly measure perceived inflation, Brachinger developed a new index of perceived inflation (IPI). This index is based on some hypotheses about factors influencing perceived i...

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Published in:Journal of consumer policy 2007-12, Vol.30 (4), p.405-419
Main Authors: Brachinger, Hans Wolfgang, Zacharias, Elisabeth, Belting, Julia, Jungermann, Helmut, Grinberg, Katarzyna
Format: Article
Language:English
Subjects:
C43
Consumer behavior
Consumer behaviour
Consumer Price Index
Consumers
Consumption
Currencies
Currency
D81
E31
Euro
Europe
Eurozone
Hypotheses
Index of perceived inflation (IPI)
Inflation
Inflation rates
Loss aversion
Monetary policy
Perceived inflation
Perception
Perceptions
Price increases
Price levels
Purchase frequency
Studies
Time series
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cites cdi_FETCH-LOGICAL-c432t-6b4244858b04e966ebeb91e8898abfd7b3c7de0948ba68a157e89c6d2ba26b043
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container_issue 4
container_start_page 405
container_title Journal of consumer policy
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creator Brachinger, Hans Wolfgang
Zacharias, Elisabeth
Belting, Julia
Jungermann, Helmut
Grinberg, Katarzyna
description The most flamboyant economic effect of the euro changeover on consumers was a dramatic increase in perceived inflation. To directly measure perceived inflation, Brachinger developed a new index of perceived inflation (IPI). This index is based on some hypotheses about factors influencing perceived inflation. An experimental study is presented which investigated the influence of two of these hypothesized factors, purchase frequency and loss aversion, on individual judgments of price changes. Furthermore, two additional factors have been included that are informative with respect to the IPI, product segment and price level. Judgments of inflation were assessed with three methods, yielding different results. Empirical evidence for the hypotheses was obtained. [PUBLICATION ABSTRACT]
doi_str_mv 10.1007/s10603-007-9051-4
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To directly measure perceived inflation, Brachinger developed a new index of perceived inflation (IPI). This index is based on some hypotheses about factors influencing perceived inflation. An experimental study is presented which investigated the influence of two of these hypothesized factors, purchase frequency and loss aversion, on individual judgments of price changes. Furthermore, two additional factors have been included that are informative with respect to the IPI, product segment and price level. Judgments of inflation were assessed with three methods, yielding different results. Empirical evidence for the hypotheses was obtained. 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source International Bibliography of the Social Sciences (IBSS); ABI/INFORM global; EBSCOhost Econlit with Full Text; Politics Collection; Springer Nature; Social Science Premium Collection (Proquest) (PQ_SDU_P3); PAIS Index; EBSCOHost: Business Source Ultimate
subjects C43
Consumer behavior
Consumer behaviour
Consumer Price Index
Consumers
Consumption
Currencies
Currency
D81
E31
Euro
Europe
Eurozone
Hypotheses
Index of perceived inflation (IPI)
Inflation
Inflation rates
Loss aversion
Monetary policy
Perceived inflation
Perception
Perceptions
Price increases
Price levels
Purchase frequency
Studies
Time series
title The Euro Changeover and the Factors Influencing Perceived Inflation
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