take appropriate actions if the target is breached. This paper exploits a database of inflation expectations and attempts … to measure whether, for a set of inflation targeters in Latin America, expectations are well anchored. A tighter … anchoring of expectations is interpreted as a gain in credibility. Also considered are the effects on the credibility of the …

. The intervention generates few hires, but it lowers participants' expectations and causes both firms and workers to invest … a unique two-sided belief-elicitation survey, we confirm that firms and jobseekers have over-optimistic expectations …