Inflation expectations: their sources and effects

Yash P. Mehra and Devin Reilly

Richmond Fed Economic Brief, 2008, issue Oct, No 08-01

Abstract: Shocks to the macroeconomy can affect the public's expectations about inflation. But if the Federal Reserve monitors those expectations carefully and vigilantly pursues price stability, it can establish credibility and keep inflation in check.

Keywords: Inflation (Finance); Monetary policy (search for similar items in EconPapers)
Date: 2008
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