November 17, 2020

Macro Series

Comment: The importance of inflation expectations

BY Russell Jones

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( 9 mins) Inflation has been under control for several decades and is historically low. But opinion is now divided: some fear enduring ‘lowflation’; others price instability. Much will depend on the future dynamics of inflation expectations. For now, inflation expectations are muted; indeed perhaps too muted for comfort. This points to continued low, indeed negative, policy rates […]

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