Central banks are always concerned with keeping long-run inflation expectations well anchored at some implicit or … expectations accurately. One such indicator frequently reported in the specialized financial press and by central banks around the …

target inflation would undermine the rationale for central bank independence and constitute an additional movement away from …

Many central banks have come to rely on dynamic stochastic general equilibrium, or DSGE, models to inform their … consistent with the increasing focus on the pronouncements of central bankers regarding their future actions. …

this model that differ in terms of the behavior of, and the public’s information on, the central banks’ inflation target …

imply implicit instrument rules, may be closer to actual operating procedures of inflation-targeting central banks. We find … that inflation forecasts are central for good policy rules under inflation targeting. Some simple instrumental and …