More frequent ELB events cut inflation expectations – San Fran Fed

Households and businesses may change spending and pricing behaviours due to the expectation of more frequent encounters with the effective lower bound (ELB), says a paper published by the Federal Reserve Bank of San Francisco.

The result, the researchers say, is reinforcing lower inflation expectations in the US.

Robert Amano, Thomas Carter and Sylvain Leduc examine whether the risk of hitting the ELB has played a role in the recent below-target inflation in the US. They use a model to

You are currently unable to copy this content. Please contact [email protected] to find out more.

Source link

Free Course

"Double Your Traffic in 30 days" + Secret Bonus

valued at $299

This amazing course will teach you, step by step, how to double if not triple your traffic over the next 30 days.

100% Privacy. We will never spam you!