Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168075
Authors: 
Nautz, Dieter
Netsunajew, Aleksei
Strohsal, Till
Year of Publication: 
2017
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Inflation D08-V2
Abstract: 
We introduce structural VAR analysis as a tool for investigating the anchoring of inflation expectations. We show that U.S. consumers’ inflation expectations are anchored in the long run because macro-news shocks are long-run neutral for long-term inflation expectations. The identification of structural shocks helps to explain why inflation expectations deviate from the central bank’s target.
JEL: 
E31
E52
E58
Document Type: 
Conference Paper

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