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...

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Detalhes bibliográficos
Autor principal: Bems, Rudolfs
Outros Autores: Caselli, Francesca, Grigoli, Francesco, Gruss, Bertrand
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2018.
Colecção:IMF Working Papers; Working Paper ; No. 2018/280
Acesso em linha:Full text available on IMF