Inflation expectations: models and measures

Cinzia Alcidi (), Daniel Gros and Farzaneh Shamsfakhr

Politica economica, 2021, issue 3, 389-406

Abstract: Inflation expectations are key inputs into monetary policy, but they also represent one of the most difficult variables to measure. Inflation expectations are particularly difficult to pin down in a low inflation environment in which important relative prices experience large changes. The available measures of inflation expectations differ widely across different sources and could be used at most as an additional element in monetary policy decisions, but not as a target.

Keywords: survey; inflation; inflation expectations; monetary policy (search for similar items in EconPapers)
Date: 2021
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