Wimanda, Rizki E.; Turner, Paul M.; Hall, Maximilian J.B. - In: Journal of Policy Modeling 33 (2011) 3, pp. 426-438
It has long been recognised that the balance between backward-looking and forward-looking expectations has critical policy implications. This is because backward-looking expectations impart a substantial degree of inertia to the inflation rate whereas forward-looking expectations lead to rapid...
