Inflation expectations

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Title:

Inflation expectations

Author:

Sinclair, P. J. N.

ISBN:

9780415561747

9780203863718

9780415745161

Publication Information:

London ; New York : Routledge, 2010.

Physical Description:

xviii, 254 pages : illustrations ; 24 cm.

Series:

Routledge international studies in money and banking ; 56

Routledge international studies in money and banking ; 56.

Contents:

Inflation expectations : an introduction / Peter Sinclair -- How robust are quantified survey data? : evidence from the United States / Roy Batchelor -- Inflation expectations and empirical tests : theoretical models and empirical tests / Richard Curtin -- Heterogenous expectations, adaptive learning, and forward-looking monetary policy / Martin Fukač -- Consumer inflation expectations : usefulness of survey-based measures -- a cross-country study / Ryszard Kokoszczyński, Tomasz Łyziak and Ewa Stanisławska -- Further evidence on the properties of consumers' inflation expectations in the euro area / Magnus Forsells and Geoff Kenny -- Household versus expert forecasts of inflation : new evidence from the European survey data / Christina Gerberding -- The role of expectations in the inflation process in the euro area / Maritta Paloviita and Matti Virén -- The European consumer and monetary policy / Jan Marc Berk and Gerbert Hebbink -- Testing near-rationality using survey data / Michael F. Bryan and Stefan Palmqvist -- 400,000 observations on inflation perceptions and expectations in the EU : what do they tell us? / Staffan Lindén -- Finding the optimal method of quantifying inflation expectations on the basis of qualitative survey data / Fabien Curto Millet.

Subject Term:

Inflation (Finance)

Rational expectations (Economic theory)

Added Author:

Sinclair, P. J. N.

Electronic Access:

Table of contents http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018863492&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA

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Library	Material Type	Item Barcode	Shelf Number	Copy	Status
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Summary

Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments.

A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so.

These considerations underscore the critical - and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.