Inflation dynamics

被引：110
|
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
收藏
页码：317 / 334
页数：18
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