We empirically study the impact of inflation targeting credibility on business cycle synchronization with G-7 economies …. To do this, we use a sample of 15 inflation targeting countries to develop and calculate a reputation-based credibility … findings indicate that greater credibility allows for greater anchoring of inflation expectations by economic agents. This …

flexibility and credibility; similarly, New Zealand's improved inflation performance was achieved without a discernable increase …

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

We use three different indicators based on inflation expectations to measure central bank credibility in 9 countries in … Central and Eastern Europe. We quantify credibility using differences between official inflation targets and inflation …. Determinants of central bank credibility are investigated using pooled OLS. According to our results, stable and low inflation and …

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 …

impose costs on society rather than benefits. While rational expectations and perfect credibility are generally beneficial with …

extent to which inflation expectations are formed by the announced targets. As the credibility of the central bank increases … target. Credibility enables expectation to be formed in a forward-looking way by weakening its connection with the past. This … study aims to contribute to the literature concerning the effects of credibility on monetary policy. For this purpose, using …

-)establish credibility, optimal monetary policy under discretion is shown to set higher interest rates today if average inflation exceeded … term in the central bank's optimal instrument rule, which we refer to as the credibility loss. Augmenting a standard Taylor … seven central banks and that this influence is economically meaningful. A deteroriation in credibility forces central …

macroeconomic environment. We find that central bank credibility is negatively associated with the level of inflation target …