. Previous literature has highlighted the role of an economy's "structure" - such as its inflation volatility, inflation rate …, forecasts predicting how a given exchange rate movement will impact inflation at a specific point in time should take into …

inflation responses and a breakdown of divinecoincidence. The central bank's contemporaneous trade-off between output gap … andinflation stabilization is aggravated. Optimal monetary policy is strongly forward-looking and geared towards inflation …

inflation-forecast-based (IFB) rules. It shows that, for a variety of New Keynesian sticky-price and sticky-inflation models …, these are a function not just of the degree of responsiveness of the policy instrument to deviations of expected inflation …

Evidence on the credibility of a central bank's inflation target typically refers to the anchoring of survey …-based measures of inflation expectations. However, both the survey question and the anchoring criteria are only loosely connected to … the actual inflation target used in monetary policy practice. By using the exact wording of the ECB's definition of price …

consequences of the ELB for inflation and real economic activity. This result holds both for our HANK model as well as a …

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 … since summer 2021, reaching an all-time low in April 2022. The high correlation between inflation expectations and the …

This paper takes up the issue of the flexibility of inflation targeting regimes, with the specific goal of determining … whether the monetary policy of the Bank of England, which has a formal inflation target, has been any less flexible than that … of the Federal Reserve, which does not have such a target. The empirical analysis uses the speed of inflation forecast …