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 …

We propose a novel framework to gauge the credibility of central banks’ commitment to an inflation-targeting regime … Bank of India’s adoption of inflation targeting in 2015 as a laboratory, we apply two different approaches to estimate a … commitment by the Reserve Bank of India …

We propose a novel framework to gauge the credibility of central banks’ commitment to an inflation-targeting regime … Bank of India’s adoption of inflation targeting in 2015 as a laboratory, we apply two different approaches to estimate a … credible commitment by the Reserve Bank of India …

Central bank credibility is critical for the effectiveness of monetary policy. The measures of credibility that are … alternative measure that allows us to track the evolution of credibility in an inflationary environment. Credibility is defined as … decisions. We adopt a Bayesian set up to exploit this definition and document how credibility changes over time. Our measure …

bank credibility. Forward guidance and the credibility of the central bank are uniquely modeled by utilizing a game …-theoretic evolutionary framework. We estimate credibility for the U.S. Federal Reserve with Bayesian methods exploiting survey data on … estimate of Federal Reserve credibility in terms of forward guidance announcements is relatively high, which indicates a degree …

This article investigates the relationship between central bank credibility and the volatility of the key monetary … policy instrument. Two main contributions are proposed. First, we propose a time-varying measure of central bank credibility … negative effect of credibility on the volatility of the short-term interest rate. Thus, in line with the expectations channel …

bank credibility. Forward guidance and the credibility of the central bank are uniquely modeled by utilizing a game …-theoretic evolutionary framework. We estimate credibility for the U.S. Federal Reserve with Bayesian methods exploiting survey data on … estimate of Federal Reserve credibility in terms of forward guidance announcements is relatively high, which indicates a degree …

This article investigates the relationship between central bank credibility and the volatility of the key monetary … credibility based on the gap between inflation expectations and the official inflation target. While this new index addresses the … a negative effect of credibility on the volatility of the short term interest rate. Thus, in line with the expectations …

investigates the driving factors of disagreement, paying special attention to the influence of monetary authorities' credibility …' credibility; this relationship is positive in the case of the growth rate of industrial production. …