Whether people form their expectations of the future in a model-consistent or extrapolative manner, has implications … information about inflation expectations – that survey measures of expectations are inconsistent with rational expectations, but … the public believes the bank will adhere to. When inflation expectations differ between groups, the <em>ex ante</em> real …

We use three different indicators based on inflation expectations to measure central bank credibility in 9 countries in … Central and Eastern Europe. We quantify credibility using differences between official inflation targets and inflation … expectations as well as differences between inflation expectations and implicit targets based on estimation of the Taylor rule …

successful in maintaining price stability and well-anchored inflation expectations. The euro is now a well …

function as a guide for the inflationary expectations of economic agents, transparency in the handling of the monetary policy … understood as a mechanism that, if used in correctly, can favor a rise in credibility in the handling of monetary policy. …

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

interbank market. The novel feature of the model is that the expectations of the interbank market outcomes determine the …