Strohsal, Till; Winkelmann, Lars - 2012 - This version: February 24, 2012
This paper proposes an ESTAR modeling framework to analyze the anchoring of inflation expectations. Anchoring criteria … are empirical estimates of a market implied inflation target as well as the strength of the anchor that holds expectations … decline while the strength of the anchor remains mostly unaffected. -- Monetary policy ; anchoring ; inflation expectations …