Assessing progress toward price stability: looking forward and looking backward

An examination of how to assess the inflationary effects of current monetary policy, reviewing the behavior of a selected measure of core inflation over the past decade and contrasting this pattern with the inflation expectations of both households and professional forecasters, concluding that such expectations are formed rationally.

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Year of publication:	1994
Authors:	Carlson, John B.
Published in:	Economic Commentary. - Federal Reserve Bank of Cleveland. - 1994, May, 2
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Inflation (Finance)

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005512901