Journal Article
Inflation: noise, risk, and expectations
Abstract: The most frequently cited measures of inflation expectations, from TIPS-derived indicators to survey-based estimates like Blue Chip forecasts, have some inherent limitations when it comes to applying them to questions of monetary policy. Recently, researchers developed a model that takes information from a number of sources and produces estimates of inflation expectations that are superior to these popular measures in a number of respects. This Commentary explains how these estimates are better and what they imply for current monetary policy.
Keywords: Inflation (Finance);
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https://www.clevelandfed.org/publications/economic-commentary/2010/ec-201005-inflation-noise-risk-and-expectations
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 2010
Issue: Jun
Order Number: 5