Why do we think that inflation expectations matter for inflation? (And should we?)

Autor:	Jeremy B. Rudd
Rok vydání:	2022
Předmět:	Inflation Economics and Econometrics media_common.quotation_subject Keynesian economics Economics Literature study Phillips curve media_common
Zdroj:	Review of Keynesian Economics. 10:25-45
ISSN:	2049-5331 2049-5323
DOI:	10.4337/roke.2022.01.02
Popis:	Economists and economic policymakers believe that households’ and firms’ expectations of future inflation are a key determinant of actual inflation. A review of the relevant theoretical and empirical literature suggests that this belief rests on extremely shaky foundations, and a case is made that adhering to it uncritically could easily lead to serious policy errors.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::68928d94387c0d351c43e0229fdac54c https://doi.org/10.4337/roke.2022.01.02 Zobrazit plný text záznamu