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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP13601 |
DP13601 Inflation Expectations: Review and Evidence | |
M. Ayhan Kose; Hideaki Matsuoka; Ugo Panizza; Dana Vorisek | |
发表日期 | 2019-03-19 |
出版年 | 2019 |
语种 | 英语 |
摘要 | This paper presents a comprehensive examination of the determination and evolution of inflation expectations, with a focus on emerging market and developing economies (EMDEs). The results suggest that long-term inflation expectations in EMDEs are not as well anchored as those in advanced economies, despite notable improvements over the past two decades. Indeed, in EMDEs, long-term inflation expectations are more sensitive to both domestic and global inflation shocks. However, EMDEs tend to be more successful in anchoring inflation expectations in the presence of an inflation targeting regime, high central bank transparency, strong trade integration, and a low level of public debt. |
主题 | International Macroeconomics and Finance |
关键词 | inflation Inflation expectations monetary policy Emerging markets Developing economies |
URL | https://cepr.org/publications/dp13601 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542460 |
推荐引用方式 GB/T 7714 | M. Ayhan Kose,Hideaki Matsuoka,Ugo Panizza,et al. DP13601 Inflation Expectations: Review and Evidence. 2019. |
条目包含的文件 | 条目无相关文件。 |
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