Four mistakes in the use of measures of expected inflation by Ricardo Reis
By: Reis, Ricardo
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Material type: 
ArticleSubject(s): INFLACION | POLITICA ANTIINFLACIONISTA | EVALUACION
In:
The American Economic Review v. 113, May 2023, p. 47-51 Summary: 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
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| OP 234/2023/5 The American Economic Review | OP 234/2023/5(Congreso anual) The American Economic Review | OP 234/2023/5(Congreso)-1 Papers and proceedings of the One Hundred-Fifth Annual Meeting of the American Economic Association | OP 234/2023/5(Congreso)-2 Four mistakes in the use of measures of expected inflation | OP 234/2023/5(Congreso)-3 Unconventional fiscal policy at work | OP 234/2023/5(Congreso)-4 Quantifying the inflationary impact of fiscal stimulus under supply constraints | OP 234/2023/5(Congreso)-5 The 2021 child tax credit |
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
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