the rational expectations benchmark for plausible parameter values and mild persistence in the shock. Taken together …, these results formally illustrate how policies which encourage expectations anchoring may be beneficial for the economy. …

bank credibility in Poland, using survey-based measures of inflation expectations formed by consumers, enterprises and … financial sector analysts. It is confirmed that inflation expectations of enterprises and – especially – of financial sector … analysts display a high degree of anchoring at the NBP inflation target, while consumer inflation expectations are driven …

take appropriate actions if the target is breached. This paper exploits a database of inflation expectations and attempts … to measure whether, for a set of inflation targeters in Latin America, expectations are well anchored. A tighter … anchoring of expectations is interpreted as a gain in credibility. Also considered are the effects on the credibility of the …

substantial rationality in behaviors and expectations. Our results show that a dynamic loop between credibility and success can … individual agents and their bounded rationality, and to emphasize, on this basis, the role of learning in macroeconomic dynamics …. We consider that those three features (heterogeneity, bounded rationality, and learning) are particularly relevant if one …

take appropriate actions if the target is breached. This paper exploits a database of inflation expectations and attempts … to measure whether, for a set of inflation targeters in Latin America, expectations are well anchored. A tighter … anchoring of expectations is interpreted as a gain in credibility. Also considered are the effects on the credibility of the …

household and expert inflation expectations in five core European economies (France, Germany, Italy, Netherlands and Spain … frequently than households. Furthermore, household expectations in the Euro Area have not converged to the inflation goal of the … rates into their expectations. …

Central bank communication plays an important role in shaping market participants' expectations. This paper studies a … helps stabilize expectations around the inflation target equilibrium. …