Demir, Banu; Yigit, Taner M. - In: Economics Letters 100 (2008) 2, pp. 249-253
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 …