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Browsing ECO Working Papers by Subject "Inflation Targets"
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Title:Anchors for Inflation Expectations
Author(s):DEMERTZIS, Maria; MARCELLINO, Massimiliano; VIEGI, NicolaDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract: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 ...