Economic policy uncertainty and inflation expectations

Klodiana Istrefi and Anamaria Piloiu

Rue de la Banque, 2016, issue 33

Abstract: This Rue de la Banque explores the dynamic relationship between uncertainty concerning economic policy and inflation expectations, for the US and the euro area, during the period 1999-2012. We find that, in response to an increase in policy uncertainty, economic activity contracts and short-term inflation expectations fall. Moreover, our results suggest that during this period, policy uncertainty posed risks to the anchoring of long-term inflation expectations.

Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://publications.banque-france.fr/sites/defaul ... ue_33_2016-10_en.pdf (application/pdf)

Related works:
Working Paper: Economic Policy Uncertainty and Inflation Expectations (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bfr:rueban:2016:33

Access Statistics for this article

More articles in Rue de la Banque from Banque de France Banque de France 31 Rue Croix des Petits Champs LABOLOG - 49-1404 75049 PARIS. Contact information at EDIRC.
Bibliographic data for series maintained by Michael brassart ().