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Return of inflation - what do we learn from survey data?

· Joachim Nagel, President of the Deutsche Bundesbank (Germany)

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· Joachim Nagel Wiki · Deutsche Bundesbank WikiReturn of inflation - what do we learn from survey data?

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
  1. Expectations may de-anchor.
  2. Price-wage spirals are a risk.
  3. Survey data are needed.
Solutions proposed
  1. Use survey data to monitor expectations.
  2. Detect risks early.
  3. Cooperate on research.
Read full speech on bis.org ↗

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