Expectations about future monetary policy important driver of inflation, paper finds
Certain financial market data can predict the results of survey-based inflation risk indicators observed at the end of a quarter, which are otherwise too infrequent to be of use to monetary policy-makers, according to a recent paper by researchers at the Banque de France.
The paper, The Financial Content of Inflation Risks in the Euro Area by Philippe Andrade, Valère Fourel, Eric Ghysels and Julien Idier, also finds that market-based expectations about future monetary policy is an important
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