Inflation Expectations Anchoring Across Different Types of Agents : the Case of South Africa /

Inflation forecasts are modelled as monotonically diverging from an estimated long-run anchor point, or 'implicit anchor', towards actual inflation as the forecast horizon shortens. Fitting the model with forecasts by analysts, businesses and trade unions for South Africa, we find that inf...

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Hlavní autor: Miyajima, Ken
Další autoři: Yetman, James
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2018.
Edice:IMF Working Papers; Working Paper ; No. 2018/177
On-line přístup:Full text available on IMF