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 have a positive impact on how much attention the public pays to target announcements.
Year of publication: |
2008
|
---|---|
Authors: | Demir, Banu ; Yigit, Taner M. |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 100.2008, 2, p. 249-253
|
Publisher: |
Elsevier |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Announcements and credibility under inflation targeting
Demir, Banu, (2008)
-
Announcements and credibility under inflation targeting
Demir, Banu, (2008)
-
Announcements and credibility under inflation targeting
Demir, Banu, (2008)
- More ...