RBA: inflation expectations converging globally
A paper published by the Reserve Bank of Australia in May studies relative price shocks, inflation expectations, and the role of monetary policy and looks at the extent to which disagreements over forecasts of inflation was driven by movements in relative prices.
The conference paper, one of ten published in the Reserve Bank's Inflation in an Era of Relative Price Shocks report, uses a wide variety of forecasts and survey-based estimates on inflationary expectations from the early 1990s in a
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