There is no unifying framework for evaluating core inflation measures, so we propose a methodological framework to … close this gap. It allows us to construct, evaluate, and rank core inflation measures by applying it to countries and … the usual indicator that excludes food and energy, which is the most widespread measure of core inflation among central …

central banks trust has recently declined, for instance in the wake of the post-pandemic inflation surge, due to large errors … in central banks' inflation forecasts, or given problems when exiting from forward guidance. The rapid, substantial and …

accountability through transparency leads to a lower expected rate of inflation and less stabilization of supply shocks …

We study the characteristics of inflation targeting as a shock absorber, using quarterly data for a large panel of … natural disasters. We find that inflation targeting improves macroeconomic performance following such exogenous shocks. It … lowers inflation, raises output growth, and reduces inflation and growth variability compared to alternative monetary regimes …

central bank's best forecast of inflation, output, and the instrument rate is argued to be the most effective way to manage …

initial macroeconomic conditions of the simulations correspond to the high inflation environment of early 2022. The simulation … rational expectations for all Taylor rule parametrisations. Under hybrid expectations, the inflation rate is much more … persistent than under the rational expectations; three years is not enough to reach the inflation target of two percent, even for …