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2014-10-20Diskussionspapier DOI: 10.18452/4548
Are US InflationExpectations Re-Anchored?
dc.contributor.authorNautz, Dieter
dc.contributor.authorStrohsal, Till
dc.date.accessioned2017-06-16T01:08:15Z
dc.date.available2017-06-16T01:08:15Z
dc.date.created2015-05-07
dc.date.issued2014-10-20
dc.date.submitted2014-10-20
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/5200
dc.description.abstractAnchored inflation expectations are of key importance for monetary policy. If long-terminflation expectations arewell-anchored, they should be unaffected by short-termeconomic news. This letter introduces newsregressions with multiple endogenous breaks to investigate the de- and re-anchoring of US inflation expectations. We confirm earlier evidence on the de-anchoring of expectations driven by the outbreak of the crisis. Our results indicate that expectations have not been re-anchored ever since.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectAnchoring of Inflation Expectationseng
dc.subjectBreak-Even Inflation Rateseng
dc.subjectNews-Regressionseng
dc.subjectMultiple Structural Break Testseng
dc.subject.ddc310 Sammlungen allgemeiner Statistiken
dc.subject.ddc330 Wirtschaft
dc.titleAre US InflationExpectations Re-Anchored?
dc.typeworkingPaper
dc.identifier.urnurn:nbn:de:kobv:11-100229553
dc.identifier.doihttp://dx.doi.org/10.18452/4548
local.edoc.pages17
local.edoc.type-nameDiskussionspapier
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-year2014
dc.identifier.zdb2195055-6
bua.series.nameSonderforschungsbereich 649: Ökonomisches Risiko
bua.series.issuenumber2014,60

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