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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Détails bibliographiques
Auteur principal: Bems, Rudolfs
Autres auteurs: Caselli, Francesca, Grigoli, Francesco, Gruss, Bertrand
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2018.
Collection:IMF Working Papers; Working Paper ; No. 2018/280
Accès en ligne:Full text available on IMF