Inflation expectations, uncertainty, the Phillips curve, and monetary policy - comments

Conference Series ; [Proceedings], 2008

Abstract: Historical experience suggests an important role for some deviation from the most restricted form of rational expectations in inflation dynamics, but also shows that other aspects of sluggish price adjustment, such as nominal rigidities, are important; and the available indicators of inflation expectations show that imperfect information regarding central bank intentions has been one source of inertia in inflation expectations.

Keywords: Unemployment; Phillips curve; Inflation (Finance) (search for similar items in EconPapers)
Date: 2008
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