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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Dettagli Bibliografici
Autore principale: Miyajima, Ken
Altri autori: Yetman, James
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2018.
Serie:IMF Working Papers; Working Paper ; No. 2018/177
Accesso online:Full text available on IMF