Gerlach-Kristen, Petra; Moessner, Richhild - In: Swiss journal of economics and statistics 150 (2014) 2, pp. 55-87
Long-run inflation expectations should not respond to economic news if the central bank is seen as credibly committed to stabilising inflation. In this paper we find that since the onset of the global financial crisis, medium and long-term inflation expectations implied by inflation swaps in the...
