Correspondence to Dr Brent E Hagel, Department of Paediatrics, Cumming School of Medicine, University of Calgary, Calgary, AB T2N 1N4, Canada; brent.hagel{at}albertahealthservices.ca Background ...
We develop an endogenous measure of anchoring for short-run expected inflation in a New Keynesian model with full-information rational expectations. Specifically, we allow the fraction of ...