Assessing the risk to inflation from inflation expectations
Gareth Anderson () and
Becky Maule ()
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Gareth Anderson: Bank of England
Becky Maule: Bank of England
Bank of England Quarterly Bulletin, 2014, vol. 54, issue 2, 148-162
Abstract:
Well-anchored inflation expectations play an important role in the achievement of the Monetary Policy Committee’s (MPC’s) 2% inflation target. At the moment, available measures are consistent with inflation expectations remaining well anchored to the MPC’s target. Empirical work suggests that unexplained ‘shocks’ to households’ expectations may have had a significant impact on inflation over the past.
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:boe:qbullt:0139
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