parameters modeling structure, we show that the credibility of the Central Bank of the Republic of Turkey (CBRT) has declined …Central bank credibility is critical for the effectiveness of monetary policy. The measures of credibility that are … alternative measure that allows us to track the evolution of credibility in an inflationary environment. Credibility is defined as …

importantly, the additional fiscal conditionality can enhance the credibility of the central bank to achieve price stability. We … emphasize how the level and structure of government debt emerge as key factors affecting the credibility of monetary policy with …

This paper uses the Brazilian central bank’s loss of credibility episode under President Dilma Rousseff … depending on the level of central bank’s credibility. With credibility, they understand a monetary policy surprise as a monetary … policy shock and decrease their inflation expectations 12 months ahead by -0.25%. With no credibility, they interpret it as …

circumstances and contingencies. In this broader sense, longer-term predictability is also closely related to the credibility of the …

circumstances and contingencies. In this broader sense, longer-term predictability is also closely related to the credibility of the …