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Central bank independence and the short-run output-inflation trade-off in the European Community

Walsh, Carl E. - In: Monetary and fiscal policy in an integrated Europe : …, (pp. 12-37). 1995

Persistent link: https://www.econbiz.de/10001289576

Long-term inflation expectations and inflation dynamics

Thórarinn G. Pétursson - In: International journal of finance & economics : IJFE 27 (2022) 1, pp. 158-174

Persistent link: https://www.econbiz.de/10012814348

Sacrifice Ratios and Monetary Policy Credibility : Do Smaller Budget Deficits, Inflation-Indexed Debt, and Inflation Targets Lower Disinflation Costs?

Durham, J. Benson - 2002

does not satisfactorily examine key fiscal and monetary policy practices that arguably affect policymaking credibility … addenda, the results generally suggest that credibility proxies are largely sensitive to research design. However, some data …

Persistent link: https://www.econbiz.de/10014122385

Evolving Reputation for Commitment : The Rise, Fall and Stabilization of US Inflation

King, Robert G.; Lu, Yang - National Bureau of Economic Research - 2022

A parsimonious model of shifting policy regimes can simultaneously capture expected and actual US inflation during 1969-2005. Our model features a forward-looking New Keynesian Phillips curve and purposeful policymakers that can or cannot commit. Private sector learning about policymaker type...

Persistent link: https://www.econbiz.de/10013477255

Remembering Inflation

Granville, Brigitte - 2013

expectations and credibility--brought about this period of stability, and traces the roots of this success back to the eighteenth … central banks, the book aims above all to demonstrate the dangers of forgetting the role of credibility in establishing sound …