Extraction of Inflation Expectations from Financial Instruments (original) (raw)
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Russian Journal of Money and Finance
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Editors introduction to Measuring inflation for monetary purposes
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Inflation Expectations: Review and Evidence
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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.
An Analytical Study on Inflationary Expectations with Reference to Evidences from the World
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Amidst the dynamic global financial environment, developing countries like India have a host of opportunities available. Alongside comes macroeconomic disturbances channelized both through internal and external factors. Inflation in such scenario becomes a very important variable. India, especially after 2008 has observed the crucial role played by the financial markets in building macroeconomic strength of the country. Hence, it becomes imperative for the world economy to focus on inflationary pressures in the country. The relevance of inflationary expectations has been understood long back in 1960s when Milton Friedman, in December 1967, in the eighteenth Annual meeting of American Economic Association introduced the significance of the subject officially for the first time. He proposed that economics function efficiently if all its agents, viz., producers, consumers, employers and employees anchor their behaviour confidently in line with swift anticipated movement of prices in fu...
Updating inflation expectations
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Licensed under Creative Common THE EXPECTED INFLATION STRATEGY AND IT'S RELATED FACTORS
2017
Central banks in different countries, more and more, are abandoning the monetary policy strategies and are applying the expected inflation (EI). In these paper, we be discussed the sensitiveness that countries have related to this strategy according to explained variables recommended by the literature, and then, we will add some other external variables. In this manner, we can statistically compare if there is a difference on including these variables. Also, we will rely on another point of view, by separating the countries under consideration in countries that are part of the European Union and countries that are not. Furthermore, we will rely on sharing of EI strategy into two periods based on the manner of its application. The methodology used is the probabilistic and logarithmic models, used when the dependent variable is a dummy variable. But, we also use the averages comparing test for two sets of choices. Results and recommendations that will derive will serve as an aid in de...