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How Rational are the Expected Inflation Rate in Australia?

Paradiso, Antonio and Rao, B. Bhaskara (2011): How Rational are the Expected Inflation Rate in Australia?

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Abstract

This paper uses the methodology of Pearce (1979) and Bhagestani and Noori (2008) to show that the expected rate of inflation by the market participants in Australia is more rational than the household survey forecasts by the Melbourne Institute.

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