This paper analyzes the time-varying credibility of the Fed's inflation target in an empirical macro model with … across monetary policy regimes. I find that imperfect credibility is pronounced during the Volcker Disinflation and to a …

. Credibility that the levy will be imposed as a once-only measure is key to ensuring that harmful distortions in the allocation of … government cannot guarantee that such a measure will be taken once only, it can contribute to the credibility thereof in a number …

We use a representative online survey to investigate the inflation expectations of German consumers and the credibility … of the ECB's inflation target during the recent high inflation period. We find that credibility has trended downwards …