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In a large sample of countries across different geographic regions and over a long period of time, we find limited country- and variable-specific effects of central bank transparency on forecast accuracy and their dispersion among a large set of professional forecasts of financial and...
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Low inflation hit the Japanese economy shortly after the burst of the bubble in stocks and real estate in 1991 and has … trade dispute. In the early 1990s, Japan faced sluggish economic growth and low inflation, as well as severe structural … difficult to judge the effectiveness and efficiency of the BOJ's policy tools, as achievement of inflation beyond the 2% price …
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pressures. The possibility to adopt quot;more liberalquot; objectives in the future increases current inflation through an … accommodation effect. Simultaneously, the central bank tries to anchor inflation by promising to be even quot;more conservativequot …; in the future, which may be the relevant case for countries considering the adoption of inflation targeting …
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pressures. The possibility to adopt quot;more liberalquot; objectives in the future increases current inflation through an … accommodation effect. Simultaneously, the central bank tries to anchor inflation by promising to be even quot;more conservativequot …; in the future, which may be the relevant case for countries considering the adoption of inflation targeting …
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