Anchors for Inflation Expectations

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Show simple item record DEMERTZIS, Maria MARCELLINO, Massimiliano VIEGI, Nicola 2010-03-30T15:31:23Z 2010-03-30T15:31:23Z 2010
dc.identifier.issn 1725-6704
dc.description.abstract We 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.mimetype application/pdf
dc.language.iso en en
dc.relation.ispartofseries EUI ECO en
dc.relation.ispartofseries 2010/10 en
dc.rights info:eu-repo/semantics/openAccess
dc.subject Inflation Targets en
dc.subject Measures of Credibility en
dc.subject E52 en
dc.subject E58 en
dc.title Anchors for Inflation Expectations en
dc.type Working Paper en
dc.neeo.contributor DEMERTZIS|Maria|aut|
dc.neeo.contributor MARCELLINO|Massimiliano|aut|EUI70008
dc.neeo.contributor VIEGI|Nicola|aut|
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