Inflation: noise, risk, and expectations

Timothy Bianco and Joseph Haubrich

Economic Commentary, 2010, issue Jun

Abstract: The most frequently cited measures of inflation expectations, from TIPS-derived indicators to survey-based estimates like Blue Chip forecasts, have some inherent limitations when it comes to applying them to questions of monetary policy. Recently, researchers developed a model that takes information from a number of sources and produces estimates of inflation expectations that are superior to these popular measures in a number of respects. This Commentary explains how these estimates are better and what they imply for current monetary policy.

Keywords: Inflation; (Finance) (search for similar items in EconPapers)
Date: 2010
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