John C. Williams
Abstract
This Economic Letter examines whether the recent stability of inflation and inflation expectations represents a fundamental shift in the observed behavior of inflation and explores some possible reasons why inflation dynamics may have changed.
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This Economic Letter examines whether the recent stability of inflation and inflation expectations represents a fundamental shift in the observed behavior of inflation and explores some possible reasons why inflation dynamics may have changed.
Key concepts: Inflation (cosmology), Economics, Economic stability, Persistence (discontinuity), Keynesian economics, Real interest rate, Monetary economics, Monetary policy