quarters of their tenure in an effort to establish a reputation for being inflation averse. Second, we find a significantly … 1974–2008. We find, first, that newly appointed governors fight inflation more aggressively during the first four to eight … stronger reaction to inflation by newly appointed governors working within monetary policy frameworks comprised of an at least …

quarters of their tenure in an effort to establish a reputation for being inflation averse. Second, we find a significantly … partly independent central bank and an explicit nominal anchor. -- Central bank governors ; credibility ; inflation … 1974-2008. We find, first, that newly appointed governors fight inflation more aggressively during the first four to eight …

inflationary pressures increase NIM. This strongly increases credit and thereby output, but it dampens inflation by relaxing price … setters' credit rationing constraint. At the ZLBD, monetary policy has far larger effects on output relative to inflation, and … suggests urgency in returning inflation to targets, avoidance of negative policy rates, and a strong influence of credit …

recently adopted inflation targets. Some significant shifts in the conduct of monetary policy are detected in the G3 countries … begin to look consistent with an inflation-targeting regime. In addition, the introduction of inflation targeting and … inflation targets and central bank reforms. The paper challenges the one-size-fits-all attitude towards modern central bank …