We propose a novel framework to gauge the credibility of central banks' commitment to an inflation-targeting regime …

We investigate the credibility of inflation targeting (IT) central banks (CBs) by estimating perceived inflation …

bubbles, for example, effective verbal interventions aimed at the expectations of agents in the financial market …

central banks' (i) credibility, (ii) unorthodox measures, and (iii) independence. We utilise a survey of more than 500 … that the Fed communicates best, followed by the BoE, ECB, and BoJ. Similar rankings are found on the issues of credibility … credibility, increases satisfaction with unorthodox measures, and fosters perceived independence of central banks. …

central banks’ (i) credibility, (ii) unorthodox measures, and (iii) independence. We utilise a survey of more than 500 … that the Fed communicates best, followed by the BoE, ECB, and BoJ. Similar rankings are found on the issues of credibility … credibility, increases satisfaction with unorthodox measures, and fosters perceived independence of central banks. …

We propose a novel framework to gauge the credibility of central banks’ commitment to an inflation-targeting regime …

We propose a novel framework to gauge the credibility of central banks’ commitment to an inflation-targeting regime …