their role in influencing the credibility of the monetary authority. We focus on measures of inflation expectations, the … mean reversion properties of inflation, and indicators of exchange rate risk. In addition we place some emphasis on whether …

the adoption of inflation targeting. However, the recent financial crisis and the call for central banks to focus more on …

As central bankers intensify their focus on inflation as the primary goal of monetary policy, it becomes increasingly … important to have accurate and reliable measures of changes in the aggregate price level. Measuring inflation is surprisingly … transitory noise and bias. Noise causes short-run changes in measured inflation to inaccurately reflect movements in long …

This paper assesses the proximate causes of the post pandemic surge in US inflation, the Federal Reserve's real time …

This paper begins with a description of the inflation targeting arrangements currently in place in the four above … for conclusions to be drawn, so that tentative evaluations of inflation targeting need to be based on theoretical analysis …

absolute credibility and credibility in expectation, are distinguished. The inflation targets of Canada, New Zealand and Sweden …A simple test of inflation target credibility is constructed by subtracting the maximum and minimum inflation rates … consistent with the inflation targets from the yields to maturity on nominal bonds. This results in a target-consistent range of …

improved monetary performance: 1) there is no long-run tradeoff between output (employment) and inflation; 2) expectations are … critical to monetary policy outcomes; 3) inflation has high costs; 4) monetary policy is subject to the time …

raising their interest rate instrument more than one-for-one in response to higher inflation---to an environment in which …