Modeling the Dynamics of Inflation Compensation
This paper investigates the relationship between short-term and long-term ination expectations using daily data on ination compen- sation. We use a exible econometric model which allows us to uncover this relationship in a data-based manner. We relate our
ndings to the issue of whether ination expectations are anchored, unmoored or contained. Our empirical results indicate no support for either unmoored or
rmly anchored ination expectations. Most evidence indicates that ination expectations are contained.
Year of publication: |
2009-01
|
---|---|
Authors: | Jochmann, Markus ; Koop, Gary ; Potter, Simon M. |
Institutions: | Rimini Centre for Economic Analysis (RCEA) |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Regime-Switching Cointegration
Jochmann, Markus, (2011)
-
Bayesian Forecasting using Stochastic Search Variable Selection in a VAR Subject to Breaks
Koop, Gary, (2008)
-
Jochmann, Markus, (2009)
- More ...