Evidence on the credibility of a central bank's inflation target typically refers to the anchoring of survey …-varying credibility of the inflation target. Our results indicate that credibility has significantly decreased in our sample period … below 2% for several years, credibility has declined mainly because Germans increasingly expect that inflation will be much …

different degrees of central bank credibility in the four largest Latin American economies, which experienced a different …-looking and exclusively reacts to expected inflation under nearly perfect central bank credibility. Under a partially credible … bank credibility tends to improve over time. …

ineffective. We can rationalize this result with a novel model about the credibility of cheap-talk messages. This credibility is … credibility and show, both theoretically and experimentally, an interaction effect of network structure and communication …