using existing macroeconomic models by modifying expectations about policy announcements. The main advantage of our method … incorporate information about future interest rate announcements: "inattention", "credibility", "finite planning horizon", and …

extent to which inflation expectations are formed by the announced targets. As the credibility of the central bank increases … expectation in emerging economies. The findings denote that credibility is quite relevant to reduce inflation expectations and … inflation targeting system is inflation expectations. The success of a central bank in achieving targets depends on to the …

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. …

households and firms fully optimize on an intertemporal basis beforehand, and make use of rational expectations in that respect … governs the evolution of those rules. Departures from the rational expectations equilibrium endogenously arise from that … performances of the inflation targeting regime. In such a setting, we show the prime importance of the credibility of central bank …

so, we simulate a heterogeneous-agent New Keynesian (HANK) model with reflective expectations and an occasionally … importance of rational expectations for make-up strategies. Furthermore, while market incompleteness and bounded rationality …