Announcements and credibility under inflation targeting

We inspect how inflation target announcements are instrumental in building central bank credibility and shaping inflation expectations. Investigating the role of announcements by using a time varying credibility measure, we find that both the accuracy and the frequency of inflation announcements hav...

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Veröffentlicht in:	Economics letters 2008-08, Vol.100 (2), p.249-253
Hauptverfasser:	Demir, Banu, Yigit, Taner M.
Format:	Artikel
Sprache:	eng
Schlagworte:	Central banks Central Banks and Their Policies E580 Deflation E310 E31 E42 E58 Expectation Inflation Inflation expectations Inflation target announcements Inflation targeting Information dissemination Learning Price Level
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