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Federal Reserve Bank of Cleveland: 'Inflation and Deflationary Biases in the Distribution of Inflation Expectations: Theory and Empirical Evidence From Nine Countries'
November 26, 2024

CLEVELAND, Ohio, Nov. 26 (TNSres) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 24-26) on November 21, 2024, by Michael Lamla, Damjan Pfajfar, and Lea E. Rendell entitled "Inflation and Deflationary Biases in the Distribution of Inflation Expectations: Theory and Empirical Evidence from Nine Countries."

Here are excerpts:

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We explore the consequences of losing confidence in the price stability objective of cen . . .

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