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- Title
Do inflation expectations currently pose a risk to the economy?
- Authors
Maule, Becky; Pugh, Alice
- Abstract
The article focuses on inflation expectation which is currently 2 percent above the target. It states that surveys and structural vector autoregression (SVAR) approaches can be used to assess the consistency of expectations with economic development. It informs that impact of inflation expectations on economy activity can be assessed via SVAR on households and on companies through surveys conducted by the Central Bank Independence (CBI) and the national body British Chambers of Commerce (BCC).
- Subjects
UNITED Kingdom; PRICE inflation; INFLATION risk; ECONOMIC development; SURVEYS; CENTRAL bank independence; ASSOCIATION of British Chambers of Commerce
- Publication
Bank of England Quarterly Bulletin, 2013, Vol 53, Issue 2, p110
- ISSN
0005-5166
- Publication type
Article