Federal Reserve Bank of San Francisco: 'From Volcker to the Pandemic Era: History Dependent Anchoring of Short-Run Expected Inflation'
April 21, 2026
April 21, 2026
SAN FRANCISCO, California, April 21 (TNSLrpt) -- The Federal Reserve Bank of San Francisco issued the following white paper (No. 2026-08) on April 8, 2026, by Peter Lihn Jorgensen and Kevin J. Lansing entitled "From Volcker to the Pandemic Era: History Dependent Anchoring of Short-Run Expected Inflation."
Here are excerpts:
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We develop an endogenous measure of anchoring for short-run expected inflation in a New Keynesian model with full-infor . . .
Here are excerpts:
* * *
We develop an endogenous measure of anchoring for short-run expected inflation in a New Keynesian model with full-infor . . .