Four mistakes in the use of measures of expected inflation

Ricardo Reis

No 2302, Discussion Papers from Centre for Macroeconomics (CFM)

Abstract: With the profusion of measures of expected inflation (from market prices and from surveys of households, firms, and professionals) it is a mistake to focus on a single one while ignoring the others. This paper discusses four common arguments for a single focus, and finds each of them to be lacking. In the process, it isolates characteristics of different measures that models that combine them should take into account.

Keywords: Phillips curve; anchoring; monetary policy; central banking (search for similar items in EconPapers)
JEL-codes: E31 E52 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2023-01
New Economics Papers: this item is included in nep-ban and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Four Mistakes in the Use of Measures of Expected Inflation (2023)
Working Paper: Four mistakes in the use of measures of expected inflation (2023)
Working Paper: Four mistakes in the use of measures of expected inflation (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:cfm:wpaper:2302

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