Bundesbank paper looks at core inflation uncertainty
Higher uncertainty over inflation acts like positive demand shock, researchers find
Increased uncertainty affects the economy in ways similar to a positive demand shock, a working paper published by the Deutsche Bundesbank finds.
In The macroeconomic effects of inflation uncertainty, Norbert Metiu and Esteban Prieto note that this topic is currently very relevant to policy debates.
The authors say estimates of inflation volatility, especially measures of the core figure, rose considerably during and after the Covid-19 pandemic. The last time inflation uncertainty rose by a
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Central bank of the year: Central Bank of Brazil
- Risks facing central banks: action and inaction
- Artificial intelligence: key questions for financial supervisors