Monetary Policy Surprises and Inflation Expectation Dispersion /

Anchoring of inflation expectations is of paramount importance for central banks' ability to deliver stable inflation and minimize price dispersion. Relying on daily interest rates and inflation forecasts from major financial institutions in the United States, we calculate monetary policy surpr...

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Bibliographic Details
Main Author: Gruss, Bertrand
Other Authors: Grigoli, Francesco, Lizarazo, Sandra
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2020.
Series:IMF Working Papers; Working Paper ; No. 2020/252
Online Access:Full text available on IMF