The Dynamics of European Inflation Expectations
نویسندگان
چکیده
منابع مشابه
Discussion of Fuhrer , “ The Role of Expectations in Inflation Dynamics ”
Rational expectations are at the heart of the DSGE models maintained by central banks. A key equation which governs the evolution of prices in those models is the New Keynesian Phillips (NKPC) curve, in which today‟s rate of inflation is linked to expected future inflation. Expected future inflation is in turn modeled using rational expectations, which operationally means that forecast errors a...
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ژورنال
عنوان ژورنال: The B.E. Journal of Macroeconomics
سال: 2008
ISSN: 1935-1690
DOI: 10.2202/1935-1690.1540