Commodity Prices and Inflation Expectations in the United States

Working Paper No. 12/89

Commodity Prices and Inflation Expectations in the United States
U.S. monetary policy can remain extraordinarily accommodative only if longer-term inflation expectations stay well-anchored, including in response to commodity price shocks. We find that oil price shocks have a statistically significant, but economically small impact on longer-term inflation compensation embedded in U.S. Treasury bonds. The... READ MORE...

Publication date: March 2012
ISBN 9781475502633
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Publication date: March 2012

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Publication date: March 2012

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