Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 25, 2020 erstellt
Description:
This paper summarises ongoing work that investigates the pass-through from shorthorizon and long-horizon inflation forecasts as a way to assess the anchoring of inflation expectations across a sample of 44 economies. It reports an overall decline in the pass-through, with the share of economies having anchored expectations increasing over time. Inflation targeting appears to have played a modest role in improved anchoring. Surprisingly, recent periods with low inflation out-turns are correlated with a decreased pass-through, suggesting that longer-term expectations remain well anchored. Full Publication: "https://ssrn.com/abstract=3575884" Inflation Dynamics in Asia and the Pacific