and the public. The main argument of this study is that the inflation target can be used as a signalling mechanism through … effective. I construct a Kalman filter algorithm to analyze the information and learning dynamics between the Central Bank and a …

This paper investigates the performances of an inflation targeting regime in a learning economy whose functioning is …, we assume that their behaviour is guided by simple rules of thumb – or heuristics – while a continuous learning process … learning behaviour. Finally, the central bank implements an inflation targeting regime via a monetary policy rule. Our aim is …

This paper introduces adaptive learning and endogenous indexation in the New-Keynesian Phillips curve and studies … adaptive learning lowers the cost of disinflation. This reduction can be exploited by a gradual approach to disinflation. Firms …

active learning possibilities has effects on the optimal interest rate rule followed by the central bank. For a wide range of …