Inflation expectations curve: a tool for monitoring inflation expectations

Michelle Lewis

No AN2016/01, Reserve Bank of New Zealand Analytical Notes series from Reserve Bank of New Zealand

Abstract: Inflation expectations play an important role in monetary policy, where well-anchored expectations make it easier than otherwise to achieve the inflation target. This Note uses various surveyed measures of inflation expectations and yield curve modelling techniques to develop a framework for monitoring inflation expectations. From the resulting expectations curves, measures of the perceived inflation target focus and the expected time for inflation to return to target are estimated.

Pages: p.17
Date: 2016-03
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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