Inflation Expectations : Review and Evidence
This paper presents a comprehensive examination of the determination and evolution of inflation expectations, with a focus on emerging market and developing economies (EMDEs). The results suggest that long-term inflation expectations in EMDEs are n...
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| Format: | Working Paper |
| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/723151553110873395/Inflation-Expectations-Review-and-Evidence http://hdl.handle.net/10986/31433 |
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okr-10986-314332022-09-20T00:14:17Z Inflation Expectations : Review and Evidence Kose, M. Ayhan Matsuoka, Hideaki Panizza, Ugo Vorisek, Dana INFLATION INFLATION EXPECTATIONS MONETARY POLICY EMERGING MARKET ECONOMIES DEVELOPING ECONOMIES ECONOMIC SHOCKS This paper presents a comprehensive examination of the determination and evolution of inflation expectations, with a focus on emerging market and developing economies (EMDEs). The results suggest that long-term inflation expectations in EMDEs are not as well anchored as those in advanced economies, despite notable improvements over the past two decades. Indeed, in EMDEs, long-term inflation expectations are more sensitive to both domestic and global inflation shocks. However, EMDEs tend to be more successful in anchoring inflation expectations in the presence of an inflation targeting regime, high central bank transparency, strong trade integration, and a low level of public debt. 2019-03-21T18:49:38Z 2019-03-21T18:49:38Z 2019-03 Working Paper http://documents.worldbank.org/curated/en/723151553110873395/Inflation-Expectations-Review-and-Evidence http://hdl.handle.net/10986/31433 English Policy Research Working Paper;No. 8785 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
INFLATION INFLATION EXPECTATIONS MONETARY POLICY EMERGING MARKET ECONOMIES DEVELOPING ECONOMIES ECONOMIC SHOCKS |
| spellingShingle |
INFLATION INFLATION EXPECTATIONS MONETARY POLICY EMERGING MARKET ECONOMIES DEVELOPING ECONOMIES ECONOMIC SHOCKS Kose, M. Ayhan Matsuoka, Hideaki Panizza, Ugo Vorisek, Dana Inflation Expectations : Review and Evidence |
| relation |
Policy Research Working Paper;No. 8785 |
| description |
This paper presents a comprehensive
examination of the determination and evolution of inflation
expectations, with a focus on emerging market and developing
economies (EMDEs). The results suggest that long-term
inflation expectations in EMDEs are not as well anchored as
those in advanced economies, despite notable improvements
over the past two decades. Indeed, in EMDEs, long-term
inflation expectations are more sensitive to both domestic
and global inflation shocks. However, EMDEs tend to be more
successful in anchoring inflation expectations in the
presence of an inflation targeting regime, high central bank
transparency, strong trade integration, and a low level of
public debt. |
| format |
Working Paper |
| author |
Kose, M. Ayhan Matsuoka, Hideaki Panizza, Ugo Vorisek, Dana |
| author_facet |
Kose, M. Ayhan Matsuoka, Hideaki Panizza, Ugo Vorisek, Dana |
| author_sort |
Kose, M. Ayhan |
| title |
Inflation Expectations : Review and Evidence |
| title_short |
Inflation Expectations : Review and Evidence |
| title_full |
Inflation Expectations : Review and Evidence |
| title_fullStr |
Inflation Expectations : Review and Evidence |
| title_full_unstemmed |
Inflation Expectations : Review and Evidence |
| title_sort |
inflation expectations : review and evidence |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/723151553110873395/Inflation-Expectations-Review-and-Evidence http://hdl.handle.net/10986/31433 |
| _version_ |
1764474320207216640 |