Expectations' Anchoring and Inflation Persistence

Expectations' Anchoring and Inflation Persistence
Understanding the sources of inflation persistence is crucial for monetary policy. This paper provides an empirical assessment of the influence of inflation expectations' anchoring on the persistence of inflation. We construct a novel index of inflation expectations' anchoring using survey-based inflation forecasts for 45 economies starting in... READ MORE...

Publication date: December 2018
ISBN 9781484388846
$18.00

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