The ex post analysis of inflation target fulfilment plays an important role in an inflation targeting framework. The major benefits of ex post analysis are threefold. First, it might improve the forecast accuracy. Second, it helps central bank staff and board members to understand the...

The ex post analysis of inflation-target fulfillment plays an important role in the inflation-targeting framework. The major benefits of ex post analysis are threefold. First, it improves forecast accuracy. Knowledge of the main sources of previous forecast inaccuracies helps to better...