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The optimal level of the inflation target : a selective review of the literature and outstanding issues

Kryvtsov, Oleksiy; Mendes, Rhys R. - 2015

Bank of Canada research done prior to the most recent renewal of the inflation-control agreement in 2011 concluded that the benefits associated with a target below 2 per cent were insufficient to justify the increased risk of being constrained by the zero lower bound (ZLB) on nominal interest...

Persistent link: https://www.econbiz.de/10011341760

Expectations' anchoring and inflation persistence

Bems, Rudolfs; Caselli, Francesca; Grigoli, Francesco; … - 2018

Understanding the sources of inflation persistence is crucial for monetary policy. This paper provides an empirical assessment of the influence of inflation expectations' anchoring on the persistence of inflation. We construct a novel index of inflation expectations' anchoring using survey-based...

Persistent link: https://www.econbiz.de/10011978669

Assessing the impact of different nominal anchors on the credibility of stabibisation programmes

Prazmowski, Peter A.; Sánchez-Fung, José R. - In: Journal of applied economics 17 (2014) 2, pp. 353-372

Persistent link: https://www.econbiz.de/10011554834

New Zealand's thirty-year experience with inflation targeting : the origins, evolution and impact of a monetary policy innovation

Buckle, Robert A. - In: History of economics review 73 (2019) 1, pp. 47-84

Persistent link: https://www.econbiz.de/10012199362

Elections, heterogeneity of central bankers and inflationary pressure: the case for staggered terms for the president and the central banker

Bugarin, Mauricio Soares; Carvalho, Fabia A. de - 2019

Persistent link: https://www.econbiz.de/10012167443

Does talk matter after all? : Inflation targeting and central bank behavior

Kuttner, Kenneth N.; Posen, Adam Simon - 1999

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

Persistent link: https://www.econbiz.de/10009768267

Credibility and the credit channel transmission of monetary policy theoretical model and econometric analysis for Brazil

Montes, Gabriel Caldas; Machado, Caroline Cabral - In: Journal of economic studies 40 (2013) 4, pp. 469-492

Persistent link: https://www.econbiz.de/10010208495

Monetary policy when credibility matters

Alexius, Annika - 1998

Continuos credibility effects are incorporated into a simple model of optimal monetary policy. The resulting model … provides explanations for a number of "folk theorems" about credibility in monetary policy. A central bank with low initial … credibility pursues a more restrictive policy than a central bank with high initial credibility. It accommodates shocks less and …

Persistent link: https://www.econbiz.de/10010128026

The inflation game : targets, practices and the social production of monetary credibility

Best, Jacqueline - In: New political economy 24 (2019) 5, pp. 623-640

Persistent link: https://www.econbiz.de/10012209346

Inflation targeting credibility and sovereign risk : evidence from Colombia

Galvis, Juan Camilo; Mendonça, Helder Ferreira de - In: Applied economics letters 23 (2016) 13/15, pp. 984-990

Persistent link: https://www.econbiz.de/10011629326

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