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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Bibliographic Details
Main Author: Bems, Rudolfs
Other Authors: Caselli, Francesca, Grigoli, Francesco, Gruss, Bertrand
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2018.
Series:IMF Working Papers; Working Paper ; No. 2018/280
Online Access:Full text available on IMF