This study proposes an implicit index for central bank credibility, which is critical in developing countries … implementing an inflation-targeting regime. In a credible central bank, the policy rate impacts the interest rate on short … proposed central bank implicit credibility index was calculated using monthly data from 12 developing countries and New Zealand …

creation of the European Monetary Union. A forceful and persistent response from the European Central Bank, grounded in the … delivering on the central bank's price-stability mandate. The framework will be reviewed in 2025 and it might conclude that there …