Reis, Ricardo
Four mistakes in the use of measures of expected inflation / by Ricardo Reis
Bibliografía.
Because there are now several series for expected inflation for the major economies, too often researchers and policymakers will pick one to focus on arguing it is the right one, or the best one. In this note I work through four common arguments made for these choices. I find all of them to be weak and each to lead to mistakes in using expectations data to understand what drives inflation and to guide monetary policy
INFLACION
POLITICA ANTIINFLACIONISTA
EVALUACION
The American Economic Review 0002-8282 v. 113, May 2023, p. 47-51
Four mistakes in the use of measures of expected inflation / by Ricardo Reis
Bibliografía.
Because there are now several series for expected inflation for the major economies, too often researchers and policymakers will pick one to focus on arguing it is the right one, or the best one. In this note I work through four common arguments made for these choices. I find all of them to be weak and each to lead to mistakes in using expectations data to understand what drives inflation and to guide monetary policy
INFLACION
POLITICA ANTIINFLACIONISTA
EVALUACION
The American Economic Review 0002-8282 v. 113, May 2023, p. 47-51