It takes the average reader and 31 minutes to read Expectations' Anchoring and Inflation Persistence by Mr.Rudolfs Bems
Assuming a reading speed of 250 words per minute. Learn more
Understanding the sources of inflation persistence is crucial for monetary policy. This paper provides an empirical assessment of the influence of inflation expectations' anchoring on the persistence of inflation. We construct a novel index of inflation expectations' anchoring using survey-based inflation forecasts for 45 economies starting in 1989. We then study the response of consumer prices to terms-of-trade shocks for countries with flexible exchange rates. We find that these shocks have a significant and persistent effect on consumer price inflation when expectations are poorly...
Expectations' Anchoring and Inflation Persistence by Mr.Rudolfs Bems is 31 pages long, and a total of 7,781 words.
This makes it 10% the length of the average book. It also has 10% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 42 minutes to read Expectations' Anchoring and Inflation Persistence aloud.
Expectations' Anchoring and Inflation Persistence is suitable for students ages 8 and up.
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