Oil price dynamics and market-based inflation expectations
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DOI: 10.1016/j.eneco.2018.09.011
Abstract: We examine the link between oil prices and market-based inflation expectations in the United States. Using a Gaussian affine term structure model, we decompose the breakeven inflation into three components: the market-based inflation expectations, the… read more here.
Keywords: market based; based inflation; inflation expectations; inflation ... See more keywords
Understanding survey-based inflation expectations
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DOI: 10.1016/j.ijforecast.2018.07.003
Abstract: Survey based measures of inflation expectations are not informationally efficient yet carry important information about future inflation. This paper explores the economic significance of informational inefficiencies of survey expectations. A model selection algorithm is applied… read more here.
Keywords: understanding survey; based inflation; survey based; inflation expectations ... See more keywords