Construct · 1 fields · 1 citations

inflation bias: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
inflationbias1 CONSTRUCTInflation biasBARRO · MONETARY ECONOMICS

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Monetary economics

the systematically higher inflation produced when a discretionary central bank is tempted to push output above its natural rate.

In monetary economics, inflation bias refers to the systematically higher inflation produced when a discretionary central bank is tempted to push output above its natural rate. This meaning comes from Barro (1983) in Journal of Political Economy.[1]

Unit
Recovery means
Measured by

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Nearby constructs

bank1 fields · 1 citationsanchor · a standalone constructbias6 fields · 8 citationsjingle · one name, six constructsconservative central banker1 fields · 1 citationsanchor · a standalone construct

References

  1. Barro, R. J., & Gordon, D. B. (1983). A Positive Theory of Monetary Policy in a Natural Rate Model. Journal of Political Economy, 91(4), 589-610. https://doi.org/10.1086/261167

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