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Time-varying credibility, anchoring and the Fed's inflation target

Diegel, Max - 2022

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 …

Persistent link: https://www.econbiz.de/10013472154

Stabilisation policy and credibility in an open economy : theory and empirical evidence for the United Kingdom

Choi, Seung Woo - 1993

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Mellin, Stefan - 1997

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Inflation target instability and interest rates

Mellin, Stefan - 1997

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The credibility of the European Central Bank

Eijffinger, Sylvester C. W. - In: European monetary policy, (pp. 179-202). 1997

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Policy-mix et indépendance des banques centrales

Villa, Pierre - In: International economics : a journal published by CEPII … (1995), pp. 71-97

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Effects of reputation and credibility on monetary policy : theory and evidence for Brazil

Montes, Gabriel Caldas; Bastos, Julio Cesar Albuquerque - In: Journal of economic studies 41 (2014) 3, pp. 387-404

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Shoe-leather costs of inflation and policy credibility

Pakko, Michael Robert - In: Review / Federal Reserve Bank of St. Louis 80 (1998) 6, pp. 37-48

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Der Einsatz des Wechselkurses als nominaler Anker in den CEFTA-Staaten zwischen 1989/90 und 1997

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Do inflation expectations converge toward inflation target or actual inflation? : evidence from expectation gap persistence

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