Inflation targeting and the anchoring of inflation expectations in the Western hemisphere

Many central banks have adopted a formal inflation-targeting framework based on the belief and the theoretical predictions that an explicit and clearly communicated numerical objective for the level of inflation over a specified period would, in itself, be a strong communication device that would he...

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Autores principales:	Gürkaynak, Refet S., Levin, Andrew T., Marder, Andrew N., Swanson, Eric T.
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	INFLACIÓN BANCOS CENTRALES PRONÓSTICO DE LA ECONOMÍA
Acceso en línea:	https://hdl.handle.net/20.500.12580/3727
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spelling	oai-20.500.12580-37272021-04-24T11:00:32Z Inflation targeting and the anchoring of inflation expectations in the Western hemisphere Gürkaynak, Refet S. Levin, Andrew T. Marder, Andrew N. Swanson, Eric T. INFLACIÓN BANCOS CENTRALES PRONÓSTICO DE LA ECONOMÍA Many central banks have adopted a formal inflation-targeting framework based on the belief and the theoretical predictions that an explicit and clearly communicated numerical objective for the level of inflation over a specified period would, in itself, be a strong communication device that would help anchor long-term inflation expectations. Empirically verifying the success of inflation-targeting regimes in this dimension has been difficult, however, as survey data on long-term inflation expectations tend to be of limited availability and low frequency. 2019-11-01T00:03:38Z 2019-11-01T00:03:38Z 2007 Artículo 978-956-7421-28-2 https://hdl.handle.net/20.500.12580/3727 eng Series on Central Banking, Analysis, and Economic Policies, no. 11 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 415-465 application/pdf Banco Central de Chile
institution	Banco Mundial
collection	Banco Mundial
language	eng
topic	INFLACIÓN BANCOS CENTRALES PRONÓSTICO DE LA ECONOMÍA
spellingShingle	INFLACIÓN BANCOS CENTRALES PRONÓSTICO DE LA ECONOMÍA Gürkaynak, Refet S. Levin, Andrew T. Marder, Andrew N. Swanson, Eric T. Inflation targeting and the anchoring of inflation expectations in the Western hemisphere
description	Many central banks have adopted a formal inflation-targeting framework based on the belief and the theoretical predictions that an explicit and clearly communicated numerical objective for the level of inflation over a specified period would, in itself, be a strong communication device that would help anchor long-term inflation expectations. Empirically verifying the success of inflation-targeting regimes in this dimension has been difficult, however, as survey data on long-term inflation expectations tend to be of limited availability and low frequency.
format	Artículo
author	Gürkaynak, Refet S. Levin, Andrew T. Marder, Andrew N. Swanson, Eric T.
author_facet	Gürkaynak, Refet S. Levin, Andrew T. Marder, Andrew N. Swanson, Eric T.
author_sort	Gürkaynak, Refet S.
title	Inflation targeting and the anchoring of inflation expectations in the Western hemisphere
title_short	Inflation targeting and the anchoring of inflation expectations in the Western hemisphere
title_full	Inflation targeting and the anchoring of inflation expectations in the Western hemisphere
title_fullStr	Inflation targeting and the anchoring of inflation expectations in the Western hemisphere
title_full_unstemmed	Inflation targeting and the anchoring of inflation expectations in the Western hemisphere
title_sort	inflation targeting and the anchoring of inflation expectations in the western hemisphere
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3727
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Inflation targeting and the anchoring of inflation expectations in the Western hemisphere

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