Assessing progress toward price stability: looking forward and looking backward

John Carlson ()

Economic Commentary, 1994, issue May

Abstract: An examination of how to assess the inflationary effects of current monetary policy, reviewing the behavior of a selected measure of core inflation over the past decade and contrasting this pattern with the inflation expectations of both households and professional forecasters, concluding that such expectations are formed rationally.

Keywords: Inflation; (Finance) (search for similar items in EconPapers)
Date: 1994
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