The divergence between core and headline inflation: Implications for consumers' inflation expectations
Date
2013
Authors
Arora, Vipin
Gomis-Porqueras, Pedro
Shi, ShuPing
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Elsevier
Abstract
We show that US consumer inflation expectations are formed using a variant of adaptive expectations proposed by Mankiw et al. (2004). In particular, expectations behave differently when food and energy prices rise sharply relative to other prices. Using t
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Journal of Macroeconomics
Type
Journal article
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Restricted until
2037-12-31