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Expectations are at the centre of modern macroeconomic theory and policymakers. In this paper, we examine the predictive ability and the consistency properties of macroeconomic expectations using data of the European Central Bank (ECB) Survey of Professional Forecasters (SPF)
Persistent link: https://www.econbiz.de/10012961331
changes in inflation rates, but, possibly, also to investors' behavior. Secondly, we show that the special US dollar status of …
Persistent link: https://www.econbiz.de/10013118031
In this paper we explore the role that exchange rate interventions may play in determining inflation expectations in … Chile. To that end, we consider a set of nine deciles of inflation expectations coming from the survey of professional …
Persistent link: https://www.econbiz.de/10013059560
uncorrected, must cause inflation, but the imbalance may get corrected in the future with some probability. By maintaining price …
Persistent link: https://www.econbiz.de/10014376056
changes in inflation rates, but, possibly, also to investors' behavior. Secondly, we show that the special US dollar status of …
Persistent link: https://www.econbiz.de/10009405600
and public information when building inflation expectations in Brazil. The main results are: (i) forecasters attach more …
Persistent link: https://www.econbiz.de/10012999818
In this paper we explore the role that exchange rate interventions may play in determining inflation expectations in … Chile. To that end, we consider a set of nine deciles of inflation expectations coming from the survey of professional … a significant, but relatively short-lived, impact on the distribution of inflation expectations at long horizons. On the …
Persistent link: https://www.econbiz.de/10013079339
, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises … and redesigned its stabilization program to bring inflation down more gradually. This collection analyzes the nature of …
Persistent link: https://www.econbiz.de/10010513258
Using the Federal Reserve Bank of Atlanta's Business Inflation Expectations (BIE) survey, which has been continuously …
Persistent link: https://www.econbiz.de/10014368549
, 𝑢𝑡 ∗ , in the aftermath of the pandemic and characterize its implications for inflation dynamics. While the bulk of the … inflation surge is attributed to temporary supply factors, we also find an important role for current and expected negative …
Persistent link: https://www.econbiz.de/10014501075