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OverviewThis paper pursues a computationally intensive approach to generate future inflation, followed by an exploration of the determinants of inflation expectations by estimating a new Keynesian type Phillips curve that takes into account country-specific characteristics, the stance of monetary and fiscal policies, marginal costs and exogenous supply shocks. The empirical results indicate that high and climbing inflation could easily seep into people s anticipation of future inflation and linger. There is a reputational bonus for monetary policy to act against inflation now rather than going for cold turkey when societal compulsions reach a critical mass. Full Product DetailsAuthor: Debabrata Patra Michael , Partha Ray (Professor, Economics Group, Indian Institute of Management Calcutta, Kolkata Professor (Economics Group), Indian Institute of Management Calcutta)Publisher: International Monetary Fund Imprint: International Monetary Fund ISBN: 9781282845787ISBN 10: 1282845780 Pages: 26 Publication Date: 09 May 2014 Audience: General/trade , General Format: Electronic book text Publisher's Status: Active Availability: In stock  We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
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