credibility and, thus, maintaining low inflation in the long run is closely linked to anchored inflation expectations …This paper aims to improve the understanding of U.S. inflation dynamics by separating out structural from cyclical … effects using frequency domain techniques. Most empirical studies of inflation dynamics do not distinguish between secular and …

Understanding the sources of inflation persistence is crucial for monetary policy. This paper provides an empirical … assessment of the influence of inflation expectations' anchoring on the persistence of inflation. We construct a novel index of … inflation expectations' anchoring using survey-based inflation forecasts for 45 economies starting in 1989. We then study the …

needed to strengthen the credibility of Ghana''s inflation-targeting regime.1 …Money has only limited information value for future inflation in Ghana over a typical monetary policy implementation …) are shown to be important predictors of future price changes. Inflation inertia is high and inflation expectations are …

", albeit of limited size. The value of such services depends on the credibility of the central bank, which can be accumulated …

credibility. In our setting, central bank credibility is proportional to the deviation of inflation expectations from the … announced inflation target, with positive deviations being more costly compared to negative ones. A loss in policy credibility … as a result of shocks leads to a more persistent, backward-looking inflation process, and is associated with lower output …

Central banker faces a tradeoff between surprise inflation and building reputation, defined as the private sector's belief … create low inflationary expectations balance promises of lower inflation with dynamic incentives that make them more credible … the zero reputation limit, a gradual disinflation is preferred despite the absence of inflation inertia in the private …

policy credibility. Under the floating regime, Chile's economic adjustment to external shocks appears significantly improved …

price stability and central bank credibility have reduced the second component …