extent to which inflation expectations are formed by the announced targets. As the credibility of the central bank increases … target. Credibility enables expectation to be formed in a forward-looking way by weakening its connection with the past. This … study aims to contribute to the literature concerning the effects of credibility on monetary policy. For this purpose, using …

Disinflation can be implemented gradually or via Cold Turkey - an immediate change of policy - with the latter being … mainly recommended by theory and empirical literature. But Cold Turkey may only be superior because it is endogenously … disinflation policy from ex-ante credibility, I run an experiment where a central banker has to decide for a disinflationary …

extent to which inflation expectations are formed by the announced targets. As the credibility of the central bank increases … target. Credibility enables expectation to be formed in a forward-looking way by weakening its connection with the past. This … study aims to contribute to the literature concerning the effects of credibility on monetary policy. For this purpose, using …