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Inflation Dynamics: The Role of Expectations

Praca Cavaco Nunes, Ricardo (2010) Inflation Dynamics: The Role of Expectations Journal of Money, Credit and Banking, 42 (6). pp. 1161-1172.

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Abstract

This paper estimates the Phillips curve allowing for a simultaneous role of rational and survey expectations. We consider both a reduced form and a structural specification of the Phillips curve. The results suggest that survey expectations can be a statistically significant component of firms' expectations and inflation dynamics. However, rational expectations continue to play a dominant role.

Item Type: Article
Divisions : Faculty of Arts and Social Sciences > School of Economics
Authors :
NameEmailORCID
Praca Cavaco Nunes, Ricardoricardo.nunes@surrey.ac.ukUNSPECIFIED
Date : 2010
Identification Number : 10.1111/j.1538-4616.2010.00324.x
Copyright Disclaimer : Published 2010. This article is a US Government work and is in the public domain in the USA.
Uncontrolled Keywords : inflation, survey expectations, Phillips curve.
Depositing User : Melanie Hughes
Date Deposited : 10 Oct 2017 17:36
Last Modified : 10 Oct 2017 17:36
URI: http://epubs.surrey.ac.uk/id/eprint/842506

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