Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5061881 | Economics Letters | 2008 | 5 Pages |
Abstract
We inspect how inflation target announcements are instrumental in building central bank credibility and shaping inflation expectations. Investigating the role of announcements by using a time varying credibility measure, we find that both the accuracy and the frequency of inflation announcements have a positive impact on how much attention the public pays to target announcements.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Banu Demir, Taner M. Yigit,