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Inflation expectations have become more anchored over time


  • J. Scott Davis


The Organization of Arab Petroleum Exporting Countries imposed an oil embargo on the United States in October 1973 in response to U.S. support of Israel during the Yom Kippur War. The embargo was lifted in March 1974, and although it lasted less than six months, the effects on inflation and inflation expectations in the United States would persist for a decade.

Suggested Citation

  • J. Scott Davis, 2012. "Inflation expectations have become more anchored over time," Economic Letter, Federal Reserve Bank of Dallas, vol. 7(dec).
  • Handle: RePEc:fip:feddel:y:2012:i:dec:n:v.7no.13

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    Cited by:

    1. Binder, Carola, 2017. "Fed speak on main street: Central bank communication and household expectations," Journal of Macroeconomics, Elsevier, vol. 52(C), pages 238-251.
    2. Wanicha Direkudomsak, 2016. "Inflation dynamics and inflation expectations in Thailand," BIS Papers chapters, in: Bank for International Settlements (ed.),Inflation mechanisms, expectations and monetary policy, volume 89, pages 349-360, Bank for International Settlements.
    3. Benjamin Wong, 2015. "Do Inflation Expectations Propagate the Inflationary Impact of Real Oil Price Shocks?: Evidence from the Michigan Survey," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(8), pages 1673-1689, December.
    4. James Hebden & Edward Herbst & Jenny Tang & Giorgio Topa & Fabian Winkler, 2020. "How Robust Are Makeup Strategies to Key Alternative Assumptions?," Finance and Economics Discussion Series 2020-069, Board of Governors of the Federal Reserve System (U.S.).
    5. Binder, Carola Conces, 2020. "Long-run inflation expectations in the shrinking upper tail," Economics Letters, Elsevier, vol. 186(C).
    6. Pattanaik, Sitikantha & Muduli, Silu & Ray, Soumyajit, 2019. "Inflation Expectations of Households: Do They Influence Wage-Price Dynamics in India?," EconStor Preprints 193462, ZBW - Leibniz Information Centre for Economics.
    7. Beckworth, David, 2017. "Permanent versus temporary monetary base Injections: Implications for past and future Fed Policy," Journal of Macroeconomics, Elsevier, vol. 54(PA), pages 110-126.

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