THE ANCHORING OF INFLATION EXPECTATIONS IN THE SHORT AND IN THE LONG RUN
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DOI: 10.1017/s1365100517000517
Abstract: This paper introduces structural VAR analysis as a tool for investigating the anchoring of inflation expectations. We show that US consumers' inflation expectations are anchored in the long run because macro-news shocks are long-run neutral… read more here.
Keywords: inflation; anchoring inflation; expectations short; inflation expectations ... See more keywords
Has the Anchoring of Inflation Expectations Changed in the United States during the Past Decade
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DOI: 10.18651/er/1q18dohoksol
Abstract: The financial crisis and Great Recession led to dramatic shifts in U.S. monetary policy over the past decade, with potential implications for inflation expectations. Prior to the crisis, inflation expectations were well anchored. But during… read more here.
Keywords: past decade; anchoring inflation; inflation expectations; inflation ... See more keywords