Inflation Targeting Does Not Anchor Inflation Expectations: Evidence from Firms in New Zealand
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We study the (lack of) anchoring of inflation expectations in New Zealand using a new survey of firms. Managers of these firms display little anchoring of inflation expectations, despite twenty-five years of inflation targeting by the Reserve Bank of New Zealand, a fact which we document along a
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美国国家经济研究局创建时间：
2015-12-01
