IMF paper airs inflation fears for US monetary policy
The US government's ability to maintain its current loose monetary policy going forward is threatened by the risk of commodity price inflation pushing inflation expectations upwards, according to an International Monetary Fund (IMF) paper published on March 1.
Authors Oya Celasun, Roxana Mihet and Lev Ratnovski discuss the potential impact of future oil price shocks on inflation expectations, and find it takes on average four quarters for the impact of rising oil prices to be felt in the economy
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