¿Por qué pensamos que las expectativas de inflación son importantes para la inflación? (¿Y deberíamos pensarlo?)

Why do we think that inflation expectations matter for inflation? (and should we?)

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Jeremy B. Rudd


Los economistas y los diseñadores de política económica creen que las expectativas de los hogares y las empresas acerca de la inflación futura son un factor determinante de la inflación real. Un examen de la literatura teórica y empírica pertinente sugiere que esta creencia se basa en fundamentos poco sólidos y lleva a argumentar que adoptarla en forma acrítica puede conducir fácilmente a graves errores de política económica.

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