Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/107927
Authors: 
Nautz, Dieter
Strohsal, Till
Year of Publication: 
2014
Series/Report no.: 
SFB 649 Discussion Paper 2014-060
Abstract: 
Anchored inflation expectations are of key importance for monetary policy. If long-terminflation expectations arewell-anchored, they should be unaffected by short-term economic news. This letter introduces newsregressions with multiple endogenous breaks to investigate the de- and re-anchoring of US inflation expectations. We confirm earlier evidence on the de-anchoring of expectations driven by the outbreak of the crisis. Our results indicate that expectations have not been re-anchored ever since.
Subjects: 
Anchoring of Inflation Expectations
Break-Even Inflation Rates
News-Regressions
Multiple Structural Break Tests
JEL: 
E31
E52
E58
C22
Document Type: 
Working Paper

Files in This Item:
File
Size
434.31 kB





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