Open AccessHave Inflation Dynamics Changed?
Author(s) -
Edward S. Knotek,
Saeed Zaman
Publication year - 2017
Publication title -
economic commentary (federal reserve bank of cleveland)
Language(s) - English
Resource type - Journals
eISSN - 2163-3738
pISSN - 0428-1276
DOI - 10.26509/frbc-ec-201721
Subject(s) - inflation (cosmology) , dynamics (music) , economics , keynesian economics , path (computing) , econometrics , macroeconomics , computer science , physics , theoretical physics , programming language , acoustics
Using a flexible statistical model to project inflation outcomes into the future, this Commentary finds that the most likely path for inflation based on recent inflation dynamics is generally similar to what would have been expected given inflation dynamics in the late 1990s, but there is more uncertainty around the forecast now than in the late 1990s.
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