Inflation Targeting and Communication : It Pays Off to Read Inflation Reports

It Pays Off to Read Inflation Reports

Inflation Targeting and Communication : It Pays Off to Read Inflation Reports
Inflation-targeting central banks have a respectable track record at explaining their policy actions and corresponding inflation outturns. Using a simple forward-looking policy rule and an assessment of inflation reports, we provide a new methodology for the empirical evaluation of consistency in central bank communication. We find that the three READ MORE...

Publication date: October 2008
ISBN 9781451870923
$18.00

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