Measuring inflation expectations and inflation expectations uncertainty

Funding: 2017: $62,968
2018: $102,000
2019: $120,000
2017: $61,000
2018: $102,000
2019: $120,000

Funding or Partner Organisation: Australian Research Council (ARC Discovery Projects)
Australian Research Council (ARC Discovery Projects)

Start year: 2017

Summary: Measuring inflation expectations and inflation expectations uncertainty. This project aims to construct model-based measures of inflation expectations and inflation expectations uncertainty. Inflation expectations can determine economic outcomes. This project will develop non-linear time-varying models to combine information from noisy and possibly biased measures of inflation expectations from surveys and financial markets. These model-based measures are expected to be better calibrated and to provide valuable information for policymakers for formulating macroeconomic policies. They can be used to better assess the credibility of monetary policy and shed light on the causes of low inflation rate in developed economies

Publications:

CHAN, JCC & SONG, Y 2018, 'Measuring Inflation Expectations Uncertainty Using High‐Frequency Data', Journal of Money, Credit and Banking, vol. 50, no. 6, pp. 1139-1166.
View/Download from: Publisher's site

CHAN, JCC, CLARK, TE & KOOP, G 2018, 'A New Model of Inflation, Trend Inflation, and Long‐Run Inflation Expectations', Journal of Money, Credit and Banking, vol. 50, no. 1, pp. 5-53.
View/Download from: Publisher's site

FOR Codes: Econometric and Statistical Methods, Time-Series Analysis, Monetary Policy, Expanding Knowledge in Economics, Time-series analysis

Acknowledgement of Country

UTS acknowledges the Gadigal people of the Eora Nation, the Boorooberongal people of the Dharug Nation, the Bidiagal people and the Gamaygal people, upon whose ancestral lands our university stands. We would also like to pay respect to the Elders both past and present, acknowledging them as the traditional custodians of knowledge for these lands.