and conservativeness, the literature on optimal inflation contracts is discussed, followed by research in which the … are reviewed. We conclude that the negative relationship between CBI and inflation is quite robust …

performs better than an explicit inflation target as proposed by Svensson. The reason is that an inflation target produces a … higher variance of inflation. It is also shown that it is optimal to offer a linear inflation contract that does not depend …

inflation targeting imply that an optimising central bank should continuously respond to shocks. This paper attempts to explain … an incentive to wait and see whether or not the economy will move closer to the inflation target of its own accord. Next …

and conservativeness, the literature on optimal inflation contracts is discussed, followed by research in which the … are reviewed. We conclude that the negative relationship between CBI and inflation is quite robust. …

announcing a quantified inflation objective, other forms of communication, or by publishing central banks’ inflation and output … (economic) transparency, and given our findings that disagreement among inflation expectations in the general public is not … ; disagreement ; survey expectations ; monetary policy ; inflation targeting ; central bank communication ; forecasting …

In this paper we incorporate the term structure of interest rates in a standard inflation forecast targeting framework …. We find that under flexible inflation targeting and uncertainty in the degree of persistence in the economy, allowing for …

announcing a quantified inflation objective, other forms of communication, or by publishing central banks’ inflation and output … (economic) transparency, and given our findings that disagreement among inflation expectations in the general public is not …