by using the BoE’s own inflation projections in our estimations. Also, we develop a novel measure of the output gap to … that feature in the Inflation Report. Our study provides some new insights into the BoE’s monetary policy behaviour. We … conditions and relatively more to inflation projections when the 2008-9 Global Financial Crisis and Great Recession period is …

This paper evaluates inflation forecasts made by Norges Bank which is a successful forecast targeting central bank. It … is expected that Norges Bank produces inflation forecasts that are on average better than other forecasts, both naive … terms of too high speed of adjustment to the inflation target is supported by the evidence. Norges Bank's forecasts are …

We propose a novel framework to gauge the credibility of central banks’ commitment to an inflation-targeting regime … inflation targeting makes economic agents change their perception about central bank decisions. Specifically, using the Reserve … Bank of India’s adoption of inflation targeting in 2015 as a laboratory, we apply two different approaches to estimate a …

policy, drive private agents’ inflation expectations and financial asset prices in the main countries of Central and Eastern … outlook – anticipates a more restrictive (accommodative) monetary policy decision, raises (lowers) short-term inflation …

We propose a novel framework to gauge the credibility of central banks’ commitment to an inflation-targeting regime … inflation targeting makes economic agents change their perception about central bank decisions. Specifically, using the Reserve … Bank of India’s adoption of inflation targeting in 2015 as a laboratory, we apply two different approaches to estimate a …

public finances. We show that when the ECB misses its inflation target this has large heterogeneous fiscal consequences for … missing their inflation targets. They are also sizeable …

. This analysis allows us to trace the impact of banks' income gap on firm borrowing capacity, investment and employment …