Announcements and Credibility under Inflation Targeting

We inspect how inflation target announcements are instrumental in building central bank credibility and shaping inflation expectations. Investigating the role of announcements by using a time varying credibility measure, we find that both the accuracy and the frequency of inflation announcements hav...

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Bibliographic Details
Main Authors:	Demir, Banu, Yigit, Taner M.
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Price Level Inflation Deflation E310 Central Banks and Their Policies E580
Online Access:	http://hdl.handle.net/10986/5631

id	okr-10986-5631
recordtype	oai_dc
spelling	okr-10986-56312021-04-23T14:02:23Z Announcements and Credibility under Inflation Targeting Demir, Banu Yigit, Taner M. Price Level Inflation Deflation E310 Central Banks and Their Policies E580 We inspect how inflation target announcements are instrumental in building central bank credibility and shaping inflation expectations. Investigating the role of announcements by using a time varying credibility measure, we find that both the accuracy and the frequency of inflation announcements have a positive impact on how much attention the public pays to target announcements. 2012-03-30T07:33:46Z 2012-03-30T07:33:46Z 2008 Journal Article Economics Letters 01651765 http://hdl.handle.net/10986/5631 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Price Level Inflation Deflation E310 Central Banks and Their Policies E580
spellingShingle	Price Level Inflation Deflation E310 Central Banks and Their Policies E580 Demir, Banu Yigit, Taner M. Announcements and Credibility under Inflation Targeting
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	We inspect how inflation target announcements are instrumental in building central bank credibility and shaping inflation expectations. Investigating the role of announcements by using a time varying credibility measure, we find that both the accuracy and the frequency of inflation announcements have a positive impact on how much attention the public pays to target announcements.
format	Journal Article
author	Demir, Banu Yigit, Taner M.
author_facet	Demir, Banu Yigit, Taner M.
author_sort	Demir, Banu
title	Announcements and Credibility under Inflation Targeting
title_short	Announcements and Credibility under Inflation Targeting
title_full	Announcements and Credibility under Inflation Targeting
title_fullStr	Announcements and Credibility under Inflation Targeting
title_full_unstemmed	Announcements and Credibility under Inflation Targeting
title_sort	announcements and credibility under inflation targeting
publishDate	2012
url	http://hdl.handle.net/10986/5631
_version_	1764395745631272960

Announcements and Credibility under Inflation Targeting

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