Mehra, Yash P.; Herrington, Christopher - In: Economic Quarterly (2008) Spr, pp. 121-146
Using a VAR model that includes a survey measure of expected inflation, this article investigates the responses of expected inflation to temporary shocks to macroeconomic variables during three sample periods, 1953:1--1979:1, 1979:2--2001:1, and 1985:1--2007:1. Shocks to actual inflation,...