extent to which inflation expectations are formed by the announced targets. As the credibility of the central bank increases …), the empirical tests were carried out in order to understand the effect of the credibility on the behaviour of inflation … expectation in emerging economies. The findings denote that credibility is quite relevant to reduce inflation expectations and …

Modern monetary policy focuses on credibility and shaping consumers' inflation expectations. According to the concept …-making process and may be a specific intermediate target. The aim of the study is to analyse the credibility of inflation forecasts … credibility index. The inflation forecasts' credibility index may be calculated for all types of inflation forecasts made by …

Inflation targeting has been adopted in a set of emerging economies, including eight countries in Latin America. The … success of this regime may depend critically on the credibility of the target and the expectation that the authorities will … take appropriate actions if the target is breached. This paper exploits a database of inflation expectations and attempts …