10 Jan '12, 9am

New index measures household inflation expectations

New index measures household inflation expectations

MasterCard and the Singapore Management University (SMU) have jointly launched a new index that measures inflation expectations among Singaporean households. -- ST PHOTO: LAU FOOK KONG By Yasmine Yahya MasterCard and the Singapore Management University (SMU) have jointly launched a new index that measures inflation expectations among Singaporean households. The hope is that this index, which will be updated quarterly, can be used to help policymakers forecast future inflation and formulate monetary policies accordingly. 'Past research has suggested that inflation expectations are important for central banks to calibrate their monetary policy, and especially for helping them to predict future inflation,' said SMU professor Jun Yu, one of the developers behind the Singapore Index of Inflation Expectations. This is because people's perception of inflation usually translates i...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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