Mehra, Yash P.; Herrington, Christopher - In: Economic Quarterly (2008) Spr, pp. 121-146
:2--2001:1, and 1985:1--2007:1. Shocks to actual inflation, commodity prices, and expected inflation itself have been three major …. Positive shocks to actual inflation, commodity prices, and expected inflation itself lead to increases in expected inflation … prices found in the pre-1979 sample period is absent in post-1979 sample periods, suggesting that the Federal Reserve may …