· Joachim Nagel Wiki · Deutsche Bundesbank WikiReturn of inflation - what do we learn from survey data?
Read full speech on bis.org ↗ContextSpeech at the joint spring conference on monetary policy and expectations in Eltville am Rhein; the Bundesbank is Germany's central bank within the euro system and studies inflation expectations.
Why it mattersNagel uses survey data to detect rising expectations early.
Problems raised
- Expectations may de-anchor.
- Price-wage spirals are a risk.
- Survey data are needed.
Solutions proposed
- Use survey data to monitor expectations.
- Detect risks early.
- Cooperate on research.