期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2021
卷号：2021
语种：English
出版社：European Central Bank
摘要：Inflation expectations play a key role in the monetary transmission mechanism. Other things being equal, when economic agents anticipate that inflation will increase, they perceive the real interest rate to fall. As a result, they spend more and save less to optimise their consumption and investment over a long horizon. Inflation expectations also play an important role in the wage and pricesetting process and are thus an important determinant of future inflation. Therefore, understanding the nature of economic agents’ inflation expectations and how they are formed is crucial for monetary policymakers.
