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

dc.contributor.authorGürkaynak, Refet S.
dc.contributor.authorLevin, Andrew T.
dc.contributor.authorMarder, Andrew N.
dc.contributor.authorSwanson, Eric T.
dc.date.accessioned2019-11-01T00:03:38Z
dc.date.available2019-11-01T00:03:38Z
dc.date.issued2007
dc.identifier.isbn978-956-7421-28-2
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3727
dc.descriptionMany 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.
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 415-465
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking, Analysis, and Economic Policies, no. 11
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectINFLACIÓNes_ES
dc.subjectBANCOS CENTRALESes_ES
dc.subjectPRONÓSTICO DE LA ECONOMÍAes_ES
dc.titleInflation targeting and the anchoring of inflation expectations in the Western hemisphere
dc.type.docArtículo
dc.file.nameBCCh-sbc-v11-p415_465


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