Cinzia Alcidi, Daniel Gros, Farzaneh Shamsfakhr

Inflation expectations: models and measures

  • Abstract

Informations and abstract

Keywords: survey, inflation, inflation expectations, monetary policy

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.

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