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Inflation, Inflation Expectations, and the Phillips Curve: Working Paper 2019-07

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  • Yiqun Gloria Chen

Abstract

This paper studies the current state of inflation dynamics using a Phillips curve model, assesses the degree of anchoring of inflation expectations, and analyzes the sensitivity of inflation to cyclical fluctuations of economic conditions.

Suggested Citation

  • Yiqun Gloria Chen, 2019. "Inflation, Inflation Expectations, and the Phillips Curve: Working Paper 2019-07," Working Papers 55501, Congressional Budget Office.
    • Handle: RePEc:cbo:wpaper:55501
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    File URL: https://www.cbo.gov/system/files/2019-08/55501-CBO-working-paper-inflation-expectations-and-phillips-curve.pdf
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    References listed on IDEAS

    as
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    Cited by:

    1. Jeffrey Schafer, 2022. "Inflation Expectations and Their Formation: Working Paper 2022-03," Working Papers 57398, Congressional Budget Office.
    2. Andrew B. Martinez, 2020. "Extracting Information from Different Expectations," Working Papers 2020-008, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
    3. Richard Curtin, 2019. "Consumer expectations: a new paradigm," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 54(4), pages 199-210, October.

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    More about this item

    JEL classification:

    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications

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