Inflation Expectations Anchoring Across Different Types of Agents the Case of South Africa is popular PDF and ePub book, written by Mr.Ken Miyajima in 2018-08-02, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Inflation Expectations Anchoring Across Different Types of Agents the Case of South Africa can be Read Online from any device for your convenience.
Inflation Expectations Anchoring Across Different Types of Agents the Case of South Africa Book PDF Summary
Inflation forecasts are modelled as monotonically diverging from an estimated long-run anchor point, or “implicit anchor”, towards actual inflation as the forecast horizon shortens. Fitting the model with forecasts by analysts, businesses and trade unions for South Africa, we find that inflation expectations have become increasingly strongly anchored. That is, the degree to which the estimated implicit anchor pins down inflation expectations at longer horizons has generally increased. Estimated inflation anchors of analysts lie within the 3–6 percent inflation target range of the central bank. However, the implicit anchors of businesses and trade unions, who are directly involved in the setting of wages and prices that drive the inflation process, have remained above the top end of the official target range. Possible explanations for these phenomena are discussed.
Detail Book of Inflation Expectations Anchoring Across Different Types of Agents the Case of South Africa PDF
- Author : Mr.Ken Miyajima
- Release : 02 August 2018
- Publisher : International Monetary Fund
- ISBN : 9781484372043
- Genre : Business & Economics
- Total Page : 26 pages
- Language : English
- PDF File Size : 8,8 Mb
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