English, Article, Journal or magazine article edition: Inflation expectations, uncertainty, the Phillips Curve, and monetary policy Michael T. Kiley

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Bookmark: http://trove.nla.gov.au/version/6916
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Inflation expectations, uncertainty, the Phillips Curve, and monetary policy
Author
  • Michael T. Kiley
Physical Description
  • preprint
Notes
  • Inflation expectations play a central role in models of the Phillips curve. At long time horizons inflation expectations may reflect the credibility of a monetary authority's commitment to price stability. These observations highlight the importance of inflation expectations for monetary policy. These comments touch on three issues regarding inflation expectations: The evolving treatment of inflation expectations in empirical Phillips curve models; three recent models of information imperfections and inflation expectations; and potential policy implications of different models.
  • RePEc:fip:fedgfe:2009-15
Language
  • English
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