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The future of inflation

Goodhart, C. A. E. (2022) The future of inflation. In: ECB Forum on Central Banking. Beyond the pandemic: the future of monetary policy. European Central Bank, Frankfurt, DE, 99 - 103. ISBN 9789289947282

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We no longer have a generally accepted theory of inflation. This vacuum has been partially filled by reliance on inflationary expectations, but this is a weak reed. Instead, my view is that the main determinants of the structural trend in inflation has been the longer-term shifts in the availability of labour.

Item Type: Book Section
Official URL:
Additional Information: © 2022 European Central Bank
Divisions: Financial Markets Group
Subjects: H Social Sciences > HG Finance
Date Deposited: 30 Jun 2022 09:00
Last Modified: 30 Jun 2022 10:45

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