Although there is a well-established theoretical literature that links central bank (CB) reputation with inflation … tests the impact of reputation on inflation-unemployment performance using a novel set of data on CB reputation - an annual … reputation is a significant determinant of inflation: the results of an FE panel and Arellano-Bond difference GMM model show that …

The inability of central banks to attain their target inflation rates in recent years has raised questions about the … extent to which central banks can control the inflation process. This paper discusses the evolution of thought and evidence … since the 1960s on the determinants of inflation and the role that should be played by central banks. The paper highlights …