Shocks to Inflation Expectations /

The consensus among central bankers is that higher inflation expectations can drive up inflation today, requiring tighter policy. We assess this by devising a novel method for identifying shocks to inflation expectations, estimating a semi-structural VAR where an expectation shock is identified as t...

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Bibliografiska uppgifter
Huvudupphovsman: Barrett, Philip
Övriga upphovsmän: Adams, Jonathan
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2022.
Serie:IMF Working Papers; Working Paper ; No. 2022/072
Ämnen:
Länkar:Full text available on IMF