Central banks are always concerned with keeping long-run inflation expectations well anchored at some implicit or … expectations accurately. One such indicator frequently reported in the specialized financial press and by central banks around the …

target inflation would undermine the rationale for central bank independence and constitute an additional movement away from …

Many central banks have come to rely on dynamic stochastic general equilibrium, or DSGE, models to inform their … consistent with the increasing focus on the pronouncements of central bankers regarding their future actions. …

this model that differ in terms of the behavior of, and the public’s information on, the central banks’ inflation target …

We use a version of the Fuhrer-Moore model to study the effects of expectations and central bank credibility on the … model that vary according to the way that expectations are formed (rations versus adaptive) and the degree of central bank … central bank may face diminishing returns in its efforts to enhance credibility. …

credibility of the central bank can be considered in assessing the cost of deliberate and opportunistic disinflation. …