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Inflation expectations have become more anchored over time

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  • J. Scott Davis

Abstract

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. repec:eee:jmacro:v:52:y:2017:i:c:p:238-251 is not listed on IDEAS
    2. 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.
    3. 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.

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    Keywords

    Macroeconomics;

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