Blinder, Alan S.; Ehrmann, Michael; Fratzscher, Marcel; … - Griswold Center for Economic Policy Studies, Department … - 2008
probably did manage expectations in a constructive way.
5
example, does announcing a numerical inflation target help anchor … the public’s long-run
inflation expectations? The answer seems to be a qualified yes.
This article reviews the … short rate and R is the long rate. Then aggregate
demand depends on r, R, expected inflation (
e
t
π ), and a host of other …