Ding Dong

Hong Kong Baptist University

SCHOLARLY PAPERS

1

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24

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0

Scholarly Papers (1)

INFLATION DISAGREEMENT WEAKENS THE POWER OF MONETARY POLICY

Federal Reserve Bank of San Francisco, Working Paper Series, volume 2024, issue 27, 2024[10.24148/wp2024-27]
Number of pages: 73 Posted: 13 Dec 2024
Zheng Liu, Ding Dong, Pengfei Wang and Min Wei
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Hong Kong Baptist University, Peking University HSBC Business School and Board of Governors of the Federal Reserve System
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Abstract:

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Inflation disagreement, Inflation expectations, heterogeneous beliefs, borrowing constraints, monetary policy, forward guidance