
Carola Binder on the Importance of Inflation Expectations and How Policymakers Should Respond
Macro Musings with David Beckworth
00:00
What's the Term Structure of Inflation Expectations?
Ricardo rice says he doesn't use the cleveland fed's inflation expectation series much. The term structure of nominal interest rates as well as inflation expectations is useful for a lot of different applications, he says. Rice: Professional forecasters seem to have been gradually moving away from using a natural rate of unemployment concepts in their forecasts.
Transcript
Play full episode