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Using Inflation Expectations to Boost Consumer Spending Poses Policy Risks

Abstract: Communication that raises inflation expectations has been suggested as a policy tool for central banks. Our research suggests that this policy tool has some limitations that central banks must manage when implementing it.

Keywords: Inflation; Monetary Policy;

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File(s): File format is text/html https://www.dallasfed.org/research/economics/2021/0907
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Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Source: Dallas Fed Economics

Publication Date: 2021-09-07