Coverart for item
The Resource Expectations' Anchoring and Inflation Persistence, Rudolfs Bems

Expectations' Anchoring and Inflation Persistence, Rudolfs Bems

Label
Expectations' Anchoring and Inflation Persistence
Title
Expectations' Anchoring and Inflation Persistence
Statement of responsibility
Rudolfs Bems
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
Understanding the sources of inflation persistence is crucial for monetary policy. This paper provides an empirical assessment of the influence of inflation expectations' anchoring on the persistence of inflation. We construct a novel index of inflation expectations' anchoring using survey-based inflation forecasts for 45 economies starting in 1989. We then study the response of consumer prices to terms-of-trade shocks for countries with flexible exchange rates. We find that these shocks have a significant and persistent effect on consumer price inflation when expectations are poorly anchored. By contrast, inflation reacts by less and returns quickly to its pre-shock level when expectations are strongly anchored
Member of
Cataloging source
DcWaIMF
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Bems, Rudolfs
Government publication
international or intergovernmental publication
LC call number
K4452.I57
LC item number
B467 2018 ONLINE
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Caselli, Francesca G
  • Grigoli, Francesco
  • Gruss, Bertrand
  • Lian, Weicheng
Series statement
IMF Working Paper
http://library.link/vocab/subjectName
  • Factor Movement Policy
  • Monetary Policy (Targets, Instruments, and Effects)
  • Trade Policy
Label
Expectations' Anchoring and Inflation Persistence, Rudolfs Bems
Instantiates
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2018280
Dimensions
unknown
Extent
1 online resource (31 pages)
Form of item
online
Isbn
9781484388846
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781484388846.001
Specific material designation
remote
System control number
(IMF)WPIEA2018280
Label
Expectations' Anchoring and Inflation Persistence, Rudolfs Bems
Publication
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
imfWPIEA2018280
Dimensions
unknown
Extent
1 online resource (31 pages)
Form of item
online
Isbn
9781484388846
Issn
1018-5941
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781484388846.001
Specific material designation
remote
System control number
(IMF)WPIEA2018280

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