The Nexus between Inflation Risk and Consumer Perception
Kai Shi, Yuan Wang, Li Nie
Available Online November 2015.
- 10.2991/emle-15.2015.14How to use a DOI?
- inflation risk; consumer perception; GARCH; bootstrapping
This article discusses the relation between the risk of price instability and consumer perception. After quantifying the inflation/deflation risk, which introduces the preference of economic representatives as well as the whole probability distribution of price level deviating from the target zone, based on GARCH model and bootstrapping, we employ a stepwise least square to investigate the nexus between balance of risk and consumer perception. Although empirical results only find relatively weak connection between these two factors, the methodology opens a new window for future quantitative analyses.
- © 2016, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Kai Shi AU - Yuan Wang AU - Li Nie PY - 2015/11 DA - 2015/11 TI - The Nexus between Inflation Risk and Consumer Perception BT - Proceedings of the 2015 International Conference on Economics, Management, Law and Education PB - Atlantis Press SP - 56 EP - 59 SN - 2352-5398 UR - https://doi.org/10.2991/emle-15.2015.14 DO - 10.2991/emle-15.2015.14 ID - Shi2015/11 ER -