Assessing the risk to inflation from inflation expectations

Well-anchored inflation expectations play an important role in the achievement of the Monetary Policy Committee’s (MPC’s) 2% inflation target. At the moment, available measures are consistent with inflation expectations remaining well anchored to the MPC’s target. Empirical work suggests that unexplained ‘shocks’ to households’ expectations may have had a significant impact on inflation over the past.

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Year of publication:	2014
Authors:	Anderson, Gareth ; Maule, Becky
Published in:	Bank of England Quarterly Bulletin. - Bank of England. - Vol. 54.2014, 2, p. 148-162
Publisher:	Bank of England

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

Persistent link: https://www.econbiz.de/10010796183