and measure the convergence of inflation expectations as well as the impact of credible targets in central banking. In … addition, we evaluate the idiosyncratic variables of our participants on the inflation formation process. The analysis reveals … five results: First, we find evidence that long-term inflation expectations are firmly anchored to a credible target …

, it can control inflation expectations and improve welfare by stabilizing short-run shocks to the economy. The optimal …

disagreement between actual and perceived feedback parameters. The central bank can achieve low average inflation, but its ability …

citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation … recession implied by the COVID-19 pandemic. Interestingly, even though inflation rates in Germany have been clearly below 2% for … several years, credibility has declined mainly because Germans increasingly expect that inflation will be much higher than 2 …

The paper gives a brief account of the Swedish experience of an inflation target in a floating exchange rate regime … insufficient transparency of and commitment to the current inflation- targeting policy …

Inflation targeting offers the promise of introducing to monetary policy a logic and consistency that some central …, inflation targeting also serves two further objectives that are of more questionable import, and while seemingly contradictory … vocabulary pertaining solely to inflation, inflation targeting fosters over time the atrophication of concerns for real outcomes …