<script type="text/javascript">
<!--
document.write('<div id="oa_widget"></div>');
document.write('<script type="text/javascript" src="https://www.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=undefined&type=result"></script>');
-->
</script>

COPY SCRIPT

For further information contact us at helpdesk@openaire.eu

Effects of Inflation Expectations on Inflation

Name: Effects of Inflation Expectations on Inflation
Creator: Moessner, Richhild
Keywords: inflation expectations, ddc:330, Phillips curve, 0502 economics and business, 05 social sciences, 8. Economic growth, E58, inflation, E52, 0506 political science

descriptionPublicationkeyboard_double_arrow_right Article , Research 01 Jan 2021 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

Authors: Moessner, Richhild;

doi: 10.2139/ssrn.3982030 , 10.1017/nie.2024.24

handle: 10419/249012

Effects of Inflation Expectations on Inflation

- Summary
- Subjects
- Metrics

Abstract

Abstract We study the effects of professionals’ survey-based inflation expectations on inflation for a large number of 36 economies, using dynamic cross-country panel estimation of New-Keynesian Phillips curves. We find that inflation expectations have a significantly positive effect on inflation. We also find that the effect of inflation expectations on inflation is significantly larger when inflation is higher. This suggests that second-round effects via the effects of higher inflation expectations on inflation are more relevant in a high-inflation environment.

Related Organizations

Bank for International Settlements
Switzerland

Keywords

inflation expectations, ddc:330, Phillips curve, E58, inflation, E52

Impact byBIP!

	citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	4
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Top 10%
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Average
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Average