Reis, Ricardo (2023) Four mistakes in the use of measures of expected inflation. AEA Papers and Proceedings. ISSN 2574-0768 (In Press)
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Text (Four mistakes in the uses of measures of expected inflation)
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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.
Item Type: | Article |
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Official URL: | https://www.aeaweb.org/journals/pandp |
Additional Information: | © 2023 American Economic Association. |
Divisions: | Economics |
Subjects: | H Social Sciences > HB Economic Theory |
JEL classification: | E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level; Inflation; Deflation E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy (Targets, Instruments, and Effects) |
Date Deposited: | 09 Feb 2023 10:21 |
Last Modified: | 17 May 2023 23:20 |
URI: | http://eprints.lse.ac.uk/id/eprint/118130 |
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