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 …

driven by differential reactions in the post-transition period, but rather by the removal of discriminatory practices in the …

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 …

. 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 …