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 …

Evidence on the credibility of a central bank's inflation target typically refers to the anchoring of survey …-varying credibility of the inflation target. Our results indicate that credibility has significantly decreased in our sample period … below 2% for several years, credibility has declined mainly because Germans increasingly expect that inflation will be much …

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 …

closely-split votes, would work against the credibility of the UK system, now appear unfounded. The relevant meaning of … credibility of policy is a reputation for competence and trust in the system, and it is argued that the UK system has achieved …. It is argued that the potential costs to credibility and transparency weigh heavily against giving the interest rate …