Inflation dynamics

被引：111

作者：

Mishkin, Frederic S.

机构：

[1] Board of Governors, Federal Reserve System, Washington, DC 20551, 20th and C Street, NW

来源：

INTERNATIONAL FINANCE | 2007年 / 10卷 / 03期

关键词：

D O I：

10.1111/j.1468-2362.2007.00205.x

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper first outlines the key stylized facts about changes in inflation dynamics in recent years: (1) inflation persistence has declined, (2) the Phillips-curve has flattened and (3) inflation has become less responsive to other shocks. These changes in inflation dynamics are interpreted as resulting from an anchoring of inflation expectations as a result of better monetary policy. The paper then goes on to draw implications for monetary policy from this interpretation, as well as implications for inflation forecasts.

引用

页码：317 / 334

页数：18

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