inflation are co-breaking. We argue that the step-like development of inflation is in line with shocks and monetary policy that …% inflation was accomplished by introducing an inflation targeting regime. …

The popularity of inflation targeting has risen in the last decade and the number of countries that adopted inflation … targeting as their monetary policy framework surpassed 40 by the end of 2016. This study analyzes whether inflation targeting … around the world has been successful in terms of achieving the announced target and keeping inflation rate around it. We …

inflation are co-breaking. We argue that the step-like development of inflation is in line with shocks and monetary policy that …% inflation was accomplished by introducing an inflation targeting regime …

Well-anchored inflation expectations have become a key indicator for the credibility of a central bank’s inflation … target. Since the outbreak of the recent financial crisis, the existence and the degree of de-anchoring of U.S. inflation … degree of U.S. inflation expectations anchoring. We confirm that inflation expectations have been partially de …

based on the changes in actual inflation rate do not perform very well in environments of chronic inflation. We design an … the central bank’s ability to lower inflation expectations towards its inflation target via current interest rate … differs from the existing measures that are based on the deviation of inflation expectations from the inflation target. We …

This paper analyzes the time-varying credibility of the Fed's inflation target in an empirical macro model with … asymmetric information, where the public has to learn about the actual inflation target from the Fed's interest rate policy. To …-term inflation expectations of professionals with the perceived inflation target. …

We investigate the regime-dependent and time-varying behavior of inflation expectations and the uncertainties of … causality tests. Results suggest state-dependent behavior of both the level and the uncertainty of inflation expectations … exchange rate is a significant determinant of inflation expectations. Threshold model estimations and causality test results …

target inflation rates as low as 2 percent. However, the effects of the constraint are non-linear with respect to the … inflation target and produce a quantitatively significant deterioration of the performance of the economy with targets between 0 … and 1 percent. The variability of output increases significantly and that of inflation also rises somewhat. Also, we show …

This paper proposes a new method of estimating the Taylor rule with a time-varying implicit inflation target and a time …-varying natural rate of interest. The inflation target and the natural rate are modeled as random walks and are estimated using …