EconStor >
Bank of England, London >
External Monetary Policy Committee Unit, Bank of England >
External MPC Unit Discussion Papers, Bank of England >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/50644
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorKelly, Rogeren_US
dc.date.accessioned2011-10-24T07:51:05Z-
dc.date.available2011-10-24T07:51:05Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/50644-
dc.description.abstractTwo major events have affected the monetary regime in the United Kingdom in recent years, namely the introduction of inflation targeting, and the granting of operational independence to the Bank of England. In this paper we examine what impact, if any, these events have had on inflation expectations. A series of Granger causality tests are used in order to examine the causal relationship between a measure of prices and inflation expectations. We find evidence that the introduction of inflation targeting caused both the general public and professionals to anchor their expectations, rather than basing them on current RPI inflation.en_US
dc.language.isoengen_US
dc.publisherBank of England, Monetary Policy Committee Londonen_US
dc.relation.ispartofseriesExternal MPC unit discussion paper 24en_US
dc.subject.ddc330en_US
dc.titleThe causal relationship between inflation and inflation expectations in the United Kingdomen_US
dc.typeWorking Paperen_US
dc.identifier.ppn574603255en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:External MPC Unit Discussion Papers, Bank of England

Files in This Item:
File Description SizeFormat
574603255.pdf469.37 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.