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dc.contributor.authorDEMERTZIS, Maria
dc.contributor.authorMARCELLINO, Massimiliano
dc.contributor.authorVIEGI, Nicola
dc.date.accessioned2010-03-30T15:31:23Z
dc.date.available2010-03-30T15:31:23Z
dc.date.issued2010
dc.identifier.issn1725-6704
dc.identifier.urihttp://hdl.handle.net/1814/13661
dc.description.abstractWe identify credible monetary policy with first, a disconnect between inflation and inflation expectations and second, the anchoring of the latter at the inflation target announced by the monetary authorities. We test empirically whether this is the case for a number of countries that have an explicit inflation target and therefore include the Euro Area. We find that for the last 10 year period, the two series are less dependent on each other and that announcing inflation targets help anchor expectations at the right level.en
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.relation.ispartofseriesEUI ECOen
dc.relation.ispartofseries2010/10en
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectInflation Targetsen
dc.subjectMeasures of Credibilityen
dc.subjectE52en
dc.subjectE58en
dc.titleAnchors for Inflation Expectationsen
dc.typeWorking Paperen
dc.neeo.contributorDEMERTZIS|Maria|aut|
dc.neeo.contributorMARCELLINO|Massimiliano|aut|EUI70008
dc.neeo.contributorVIEGI|Nicola|aut|
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