Inflation Expectations by Peter J. N. SinclairInflation Expectations by Peter J. N. Sinclair

Inflation Expectations

EditorPeter J. N. Sinclair

Paperback | August 11, 2013

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Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments.

A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so.

These considerations underscore the critical ' and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.

Peter Sinclair is Professor of Economics at the University of Birmingham and a former director of the Centre for Central Banking Studies at the Bank of England.
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Title:Inflation ExpectationsFormat:PaperbackDimensions:272 pages, 8.75 × 6.35 × 0.68 inPublished:August 11, 2013Publisher:Taylor and FrancisLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0415745160

ISBN - 13:9780415745161

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Table of Contents

1. Inflation Expectations: An IntroductionPeter Sinclair 2. How Robust are Quantified Data? Evidence from the United StatesRoy Batchelor 3. Inflation Expectations and Empirical TestsRichard Curtin 4. Heterogeneous Expecattions, Adaptive Learning and Forward-looking Monetary PolicyMartin Fukacs 5. Consumer Inflation Expectations: Usefulness of Survey-based Measures ' A Cross-Country SurveyRyszard Kokoszczynski,Tomasz Lyziak and Ewa Stanislawska  6. Further Evidence on the Properties of Consumers' Inflation Expectations in the Euro AreaMagnus Forsells and Geoff Kenny  7. Household Versus Expert Forecasts of Inflation: New Evidence from the European Survey DataChristina Geberding 8. The Role of Expectations in the Inflation Process in the Euro Area Maritta Paloviita and Matti Viren 9. The European Consumer and Monetary PolicyJan Marc Berk and Gerbert Hebbink 10. Testing Near-Rationality Using Survey DataMichael Bryan and Stefan Palmqvist 11. 400,000 Observations on Inflation Perceptions and Expectations in the EU: What do They Tell Us?Staffan Linden 12. Finding the Optimal Method of Quantifying Inflation Expectations on the Basis of Qualitative Survey Data FabienCurto Millet