Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those …

Excessive inflation is usually attributed to the lack of central bank's credibility. In this context, most of the … literature considers transparency a means to establish central bank's credibility. The contribution of this paper is twofold …. First, it shows that, even in the absence of inflationary bias, a credible central bank may find it optimal to implement an …

. The events also demonstrate that modern central banks, in particular the U.S. Federal Reserve under Alan Greenspan …

function of the policy weights in the central bank’s Taylor rule. By estimating the time-varying weights that the FED attaches …