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|z 9781484362402
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Garcia, Juan Angel.
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|a Trend Inflation and Inflation Compensation /
|c Juan Angel Garcia, Aubrey Poon.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2018.
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|a 1 online resource (45 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper incorporates market-based inflation expectations to the growing literature on trend inflation estimation, and finds that there has been a significant decline in euro area trend inflation since 2013. This finding is robust to using different measures of long-term inflation expectations in the estimation, both market-based and surveys. That evidence: (i) supports the expansion of ECB's UMP measures since 2015; (ii) provides a metric to monitor long-term inflation expectations following their introduction, and the likelihood of a sustained return of inflation towards levels below, but close to, 2% over the medium term.
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|a Mode of access: Internet
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|a United States
|2 imf
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|a Poon, Aubrey.
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|a IMF Working Papers; Working Paper ;
|v No. 2018/154
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2018/154/001.2018.issue-154-en.xml
|z IMF e-Library
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