The recent phase of strong inflation brings to mind the period of great inflation of the 70s and 80s. The FED seems to have intervened late to mitigate the inflationary spiral. This study analyzes what were the possible causes of the recent inflationary growth and the delay in monetary intervention. Consequently, the Taylor rule is modified for inflation expectation, with which an estimate of the causal effects and an analysis of the rolling windows are carried out.
La recente fase di forte inflazione porta alla memoria il periodo della grande inflazione degli anni 70 e 80. La FED sembra essere intervenuta in ritardo per mitigare la spirale inflazionistica. Questo studio va ad analizzare quali sono state le possibili cause della recente crescita inflattiva e del ritardo d’intervento monetaria. Conseguentemente viene modificata la regola di Taylor per le aspettative inflattive con la quale viene effettuata una stima degli effetti causali ed una analisi delle rolling windows.
Inflazione e Politica Monetaria; una rivisitazione della Regola di Taylor
DEL COL, LORENZO
2023/2024
Abstract
The recent phase of strong inflation brings to mind the period of great inflation of the 70s and 80s. The FED seems to have intervened late to mitigate the inflationary spiral. This study analyzes what were the possible causes of the recent inflationary growth and the delay in monetary intervention. Consequently, the Taylor rule is modified for inflation expectation, with which an estimate of the causal effects and an analysis of the rolling windows are carried out.File | Dimensione | Formato | |
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https://hdl.handle.net/20.500.12608/68907