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Testing the transparency benefits of inflation targeting: Evidence from private sector forecasts
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Cited by:
- Masazumi Hattori & Steven Kong & Frank Packer & Toshitaka Sekine, 2016.
"The effects of a central bank's inflation forecasts on private sector forecasts: Recent evidence from Japan,"
Bank of Japan Working Paper Series
16-E-11, Bank of Japan.
- Masazumi Hattori & Steven Kong & Frank Packer & Toshitaka Sekine, 2016. "The effects of a central bank's inflation forecasts on private sector forecasts: Recent evidence from Japan," BIS Working Papers 585, Bank for International Settlements.
- Steve Brito & Mr. Yan Carriere-Swallow & Bertrand Gruss, 2018. "Disagreement about Future Inflation: Understanding the Benefits of Inflation Targeting and Transparency," IMF Working Papers 2018/024, International Monetary Fund.
- Thomas Lustenberger & Enzo Rossi, 2020.
"Does Central Bank Transparency and Communication Affect Financial and Macroeconomic Forecasts?,"
International Journal of Central Banking, International Journal of Central Banking, vol. 16(2), pages 153-201, March.
- Thomas Lustenberger & Dr. Enzo Rossi, 2017. "Does Central Bank Transparency and Communication Affect Financial and Macroeconomic Forecasts?," Working Papers 2017-12, Swiss National Bank.
- Lustenberger, Thomas & Rossi, Enzo, 2018. "Does Central Bank Transparency and Communication Affect Financial and Macroeconomic Forecasts?," Working papers 2018/06, Faculty of Business and Economics - University of Basel.
- Ricardo Reis, 2013.
"Central Bank Design,"
Journal of Economic Perspectives, American Economic Association, vol. 27(4), pages 17-44, Fall.
- Ricardo Reis, 2013. "Central Bank Design," NBER Working Papers 19187, National Bureau of Economic Research, Inc.
- Reis, Ricardo, 2013. "Central Bank Design," CEPR Discussion Papers 9567, C.E.P.R. Discussion Papers.
- Huang, Ho-Chuan (River) & Yeh, Chih-Chuan, 2017. "Level, structure, and volatility of financial development and inflation targeting," Journal of Empirical Finance, Elsevier, vol. 44(C), pages 108-124.
- Ehrmann, Michael, 2021.
"Point targets, tolerance bands or target ranges? Inflation target types and the anchoring of inflation expectations,"
Journal of International Economics, Elsevier, vol. 132(C).
- Ehrmann, Michael, 2021. "Point Targets, Tolerance Bands, or Target Ranges? Inflation Target Types and the Anchoring of Inflation Expectations," CEPR Discussion Papers 16046, C.E.P.R. Discussion Papers.
- Ehrmann, Michael, 2021. "Point targets, tolerance bands, or target ranges? Inflation target types and the anchoring of inflation expectations," Working Paper Series 2562, European Central Bank.
- Michael Ehrmann, 2021. "Point Targets, Tolerance Bands, or Target Ranges? Inflation Target Types and the Anchoring of Inflation Expectations," CESifo Working Paper Series 9034, CESifo.
- Paul Hubert, 2015.
"The Influence and Policy Signalling Role of FOMC Forecasts,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 77(5), pages 655-680, October.
- Paul Hubert, 2011. "Central Bank Forecasts as an Instrument of Monetary Policy," Documents de Travail de l'OFCE 2011-23, Observatoire Francais des Conjonctures Economiques (OFCE).
- Paul Hubert, 2013. "The influence and policy signaling role of FOMC forecasts," Documents de Travail de l'OFCE 2013-03, Observatoire Francais des Conjonctures Economiques (OFCE).
- Carrasco, Carlos A., 2013. "El Nuevo Consenso Macroeconómico y la mediocridad del crecimiento económico en México [New Consensus Macroeconomics and the mediocrity of economic growth in Mexico]," MPRA Paper 53391, University Library of Munich, Germany.
- repec:fce:doctra:13-04 is not listed on IDEAS
- Paul Hubert, 2015.
"ECB Projections as a Tool for Understanding Policy Decisions,"
Journal of Forecasting, John Wiley & Sons, Ltd., vol. 34(7), pages 574-587, November.
- Paul Hubert, 2013. "ECB projections as a tool for understanding policy decisions," Documents de Travail de l'OFCE 2013-04, Observatoire Francais des Conjonctures Economiques (OFCE).
- Paul Hubert, 2015. "The effect of interest rate and communication shocks on private inflation expectations," Working papers wpaper122, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
- repec:hal:spmain:info:hdl:2441/79hle3i1b69dqrocqsjarh6lb1 is not listed on IDEAS
- Jakub Rybacki, 2019.
"Forward guidance and the private forecast disagreement – case of Poland,"
Bank i Kredyt, Narodowy Bank Polski, vol. 50(4), pages 411-428.
- Rybacki, Jakub, 2019. "Forward Guidance and the private forecast disagreement – case of Poland," MPRA Paper 94465, University Library of Munich, Germany.
- Benjamin M. Blau & Scott E. Hein & Ryan J. Whitby, 2016. "The Financial Impact Of Lender-Of-Last-Resort Borrowing From The Federal Reserve During The Financial Crisis," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 39(2), pages 179-206, June.
- Monica Jain & Christopher S. Sutherland, 2020.
"How Do Central Bank Projections and Forward Guidance Influence Private-Sector Forecasts?,"
International Journal of Central Banking, International Journal of Central Banking, vol. 16(5), pages 179-218, October.
- Monica Jain & Christopher S. Sutherland, 2018. "How Do Central Bank Projections and Forward Guidance Influence Private-Sector Forecasts?," Staff Working Papers 18-2, Bank of Canada.
- Colin Ellis & Haroon Mumtaz & Pawel Zabczyk, 2014.
"What Lies Beneath? A Time‐varying FAVAR Model for the UK Transmission Mechanism,"
Economic Journal, Royal Economic Society, vol. 0(576), pages 668-699, May.
- Mumtaz, Haroon & Zabczyk, Pawel & Ellis, Colin, 2011. "What lies beneath? A time-varying FAVAR model for the UK transmission mechanism," Working Paper Series 1320, European Central Bank.
- Michael Ehrmann, 2015.
"Targeting Inflation from Below: How Do Inflation Expectations Behave?,"
International Journal of Central Banking, International Journal of Central Banking, vol. 11(4), pages 213-249, September.
- Michael Ehrmann, 2014. "Targeting Inflation from Below - How Do Inflation Expectations Behave?," Staff Working Papers 14-52, Bank of Canada.
- Horváth, Roman & Jonášová, Júlia, 2015.
"Central banks' voting records, the financial crisis and future monetary policy,"
European Journal of Political Economy, Elsevier, vol. 38(C), pages 229-243.
- Roman Horvath & Júlia Jonasova, 2014. "Central Banks Voting Records, Financial Crisis and Future Monetary Policy," Working Papers IES 2014/35, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Dec 2014.
- Paul Hubert, 2015.
"ECB Projections as a Tool for Understanding Policy Decisions,"
Journal of Forecasting, John Wiley & Sons, Ltd., vol. 34(7), pages 574-587, November.
- Paul Hubert, 2013. "ECB projections as a tool for understanding policy decisions," Documents de Travail de l'OFCE 2013-04, Observatoire Francais des Conjonctures Economiques (OFCE).
- Paul Hubert, 2015. "ECB Projections as a tool for understanding policy decisions," SciencePo Working papers Main hal-03399287, HAL.
- Paul Hubert, 2015. "ECB Projections as a tool for understanding policy decisions," Post-Print hal-03399287, HAL.
- repec:spo:wpmain:info:hdl:2441/79hle3i1b69dqrocqsjarh6lb1 is not listed on IDEAS
- Grégory Levieuge & Yannick Lucotte & Sébastien Ringuedé, 2018.
"Central bank credibility and the expectations channel: evidence based on a new credibility index,"
Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 154(3), pages 493-535, August.
- Grégory Levieuge & Yannick Lucotte & Sébastien Ringuedé, 2015. "Central bank credibility and the expectations channel: Evidence based on a new credibility index," NBP Working Papers 209, Narodowy Bank Polski.
- Ehrmann, Michael & Gaballo, Gaetano & Hoffmann, Peter & Strasser, Georg, 2019.
"Can more public information raise uncertainty? The international evidence on forward guidance,"
Journal of Monetary Economics, Elsevier, vol. 108(C), pages 93-112.
- Ehrmann, Michael & Gaballo, Gaetano & Hoffmann, Peter & Strasser, Georg, 2019. "Can more public information raise uncertainty? The international evidence on forward guidance," Working Paper Series 2263, European Central Bank.
- Gaballo, Gaetano & Ehrmann, Michael & Hoffmann, Peter & Strasser, Georg, 2019. "Can more public information raise uncertainty? The international evidence on forward guidance," CEPR Discussion Papers 13977, C.E.P.R. Discussion Papers.
- Petrevski, Goran, 2023.
"Macroeconomic Effects of Inflation Targeting: A Survey of the Empirical Literature,"
EconStor Preprints
271122, ZBW - Leibniz Information Centre for Economics.
- Goran Petrevski, 2023. "Macroeconomic Effects of Inflation Targeting: A Survey of the Empirical Literature," Papers 2305.17474, arXiv.org.
- J. Scott Davis & Ippei Fujiwara & Jiao Wang, 2018. "Dealing with Time Inconsistency: Inflation Targeting versus Exchange Rate Targeting," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(7), pages 1369-1399, October.
- Fazio, Dimas M. & Tabak, Benjamin M. & Cajueiro, Daniel O., 2015. "Inflation targeting: Is IT to blame for banking system instability?," Journal of Banking & Finance, Elsevier, vol. 59(C), pages 76-97.
- Frank Kwabi & Agyenim Boateng & Samuel Fosu & TingTing Zhu & Marian Chijoke‐Mgbame, 2022. "Foreign equity portfolio flow and corruption: A cross‐country evidence," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 68-87, January.
- Arnildo da Silva Correa & Paulo Picchetti, 2016.
"New Information and Updating of Market Experts’ Inflation Expectations,"
Working Papers Series
411, Central Bank of Brazil, Research Department.
- Arnildo Da Silva Correa & Paulo Picchetti, 2016. "New Information And Updating Of Market Experts' Inflation Expectations," Anais do XLIII Encontro Nacional de Economia [Proceedings of the 43rd Brazilian Economics Meeting] 053, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
- Ruttachai Seelajaroen & Pornanong Budsaratragoon & Boonlert Jitmaneeroj, 2020. "Do monetary policy transparency and central bank communication reduce interest rate disagreement?," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 39(3), pages 368-393, April.
- Paul Hubert, 2015.
"The Influence and Policy Signalling Role of FOMC Forecasts,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 77(5), pages 655-680, October.
- Paul Hubert, 2013. "The influence and policy signaling role of FOMC forecasts," Documents de Travail de l'OFCE 2013-03, Observatoire Francais des Conjonctures Economiques (OFCE).
- Paul Hubert, 2015. "The influence and policy signaling role of FOMC Forecasts," Post-Print hal-03399827, HAL.
- Paul Hubert, 2015. "The influence and policy signaling role of FOMC Forecasts," SciencePo Working papers Main hal-03399827, HAL.
- Paul Hubert, 2015.
"Do Central Bank Forecasts Influence Private Agents? Forecasting Performance versus Signals,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(4), pages 771-789, June.
- Paul Hubert, 2009. "Informational Advantage and Influence of Communicating Central Banks," Documents de Travail de l'OFCE 2009-04, Observatoire Francais des Conjonctures Economiques (OFCE).
- Paul Hubert, 2011. "Do central banks forecast influence private agents ? Forecasting performance vs. signals," Documents de Travail de l'OFCE 2011-20, Observatoire Francais des Conjonctures Economiques (OFCE).
- Inoue, Atsushi & Rossi, Barbara, 2011.
"Testing for weak identification in possibly nonlinear models,"
Journal of Econometrics, Elsevier, vol. 161(2), pages 246-261, April.
- Barbara Rossi & Atsushi Inoue, 2010. "Testing for Weak Identification in Possibly Nonlinear Models," Working Papers 10-92, Duke University, Department of Economics.
- Huang, Ho-Chuan & Yeh, Chih-Chuan & Wang, Xiuhua, 2019. "Inflation targeting and output-inflation tradeoffs," Journal of International Money and Finance, Elsevier, vol. 96(C), pages 102-120.
- Monique Reid & Pierre Siklos, 2020. "Building Credibility and Influencing Expectations The Evolution of Central Bank Communication," Working Papers 10144, South African Reserve Bank.
- Haldane, Andrew & Macaulay, Alistair & McMahon, Michael, 2020. "The 3 E’s of central bank communication with the public," Bank of England working papers 847, Bank of England.
- repec:fce:doctra:13-03 is not listed on IDEAS
- Jitmaneeroj, Boonlert & Lamla, Michael J. & Wood, Andrew, 2019.
"The implications of central bank transparency for uncertainty and disagreement,"
Journal of International Money and Finance, Elsevier, vol. 90(C), pages 222-240.
- Jitmaneeroj, Boonlert & Lamla, Michael J & Wood, Andrew, 2018. "The Implications of Central Bank Transparency for Uncertainty and Disagreement," Essex Finance Centre Working Papers 23347, University of Essex, Essex Business School.
- Boonlert Jitmaneeroj & Michael Lamla, 2018. "The Implications of Central Bank Transparency for Uncertainty and Disagreement," KOF Working papers 18-445, KOF Swiss Economic Institute, ETH Zurich.
- Kim, Young Min & Kang, Kyu Ho & Ka, Kook, 2020. "Do bond markets find inflation targets credible? Evidence from five inflation-targeting countries," International Review of Economics & Finance, Elsevier, vol. 67(C), pages 66-84.
- Paul Hubert & Becky Maule, 2016.
"Policy and Macro Signals as Inputs to Inflation Expectation Formation,"
Documents de Travail de l'OFCE
2016-02, Observatoire Francais des Conjonctures Economiques (OFCE).
- Hubert, Paul & Maule, Becky, 2016. "Policy and macro signals as inputs to inflation expectation formation," Bank of England working papers 581, Bank of England.
- Paul Hubert & Becky Maule, 2016. "Policy and Macro Signals as Inputs to Inflation Expectation Formation," Working Papers hal-03459462, HAL.
- Paul Hubert & Becky Maule, 2016. "Policy and Macro Signals as Inputs to Inflation Expectation Formation," SciencePo Working papers Main hal-03459462, HAL.
- Eichler, Stefan & Littke, Helge C.N. & Tonzer, Lena, 2017.
"Central bank transparency and cross-border banking,"
Journal of International Money and Finance, Elsevier, vol. 74(C), pages 1-30.
- Eichler, Stefan & Littke, Helge & Tonzer, Lena, 2016. "Central Bank Transparency and Cross-border Banking," IWH Discussion Papers 16/2016, Halle Institute for Economic Research (IWH).
- Littke, Helge C. N. & Eichler, Stefan & Tonzer, Lena, 2016. "Central Bank Transparency and Cross-Border Banking," VfS Annual Conference 2016 (Augsburg): Demographic Change 145598, Verein für Socialpolitik / German Economic Association.
- Trabelsi, Emna, 2016.
"Central bank transparency and the consensus forecast: What does The Economist poll of forecasters tell us?,"
Research in International Business and Finance, Elsevier, vol. 38(C), pages 338-359.
- Emna Trabelsi, 2016. "Central Bank Transparency and the consensus forecast: What does The Economist poll of forecasters tell us?," Post-Print hal-01121434, HAL.
- Eichler, Stefan & Littke, Helge C. N., 2017. "Central bank transparency and the volatility of exchange rates," IWH Discussion Papers 22/2017, Halle Institute for Economic Research (IWH).
- Lena Cleanthous, 2020. "Conceptual note on inflation targeting types and their performance in anchoring inflation expectations," Working Papers 2020-01, Central Bank of Cyprus.
- repec:hal:wpaper:hal-01121434 is not listed on IDEAS
- Ogrokhina, Olena & Rodriguez, Cesar M., 2024. "Inflation targeting and capital flows: A tale of two cycles in developing countries," Journal of International Money and Finance, Elsevier, vol. 146(C).
- Hwang, In Do & Lustenberger, Thomas & Rossi, Enzo, 2021. "Does communication influence executives’ opinion of central bank policy?☆," Journal of International Money and Finance, Elsevier, vol. 115(C).
- Roman Horvath, 2020.
"Peer Effects in Central Banking,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(4), pages 764-814, December.
- Roman Horvath, 2020. "Peer Effects in Central Banking," Working Papers IES 2020/24, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Aug 2020.
- Roman Horvath & Dominika Katuscakova, 2016.
"Transparency and trust: the case of the European Central Bank,"
Applied Economics, Taylor & Francis Journals, vol. 48(57), pages 5625-5638, December.
- Roman Horvath & Dominika Katuscakova, 2015. "Transparency and Trust: The Case of the European Central Bank," Working Papers 352, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
- Horváth, Roman & Vaško, Dan, 2016. "Central bank transparency and financial stability," Journal of Financial Stability, Elsevier, vol. 22(C), pages 45-56.
- Brito, Ricardo D., 2012. "Inflation targeting did make a difference in industrial countries' inflation and output growth," Insper Working Papers wpe_272, Insper Working Paper, Insper Instituto de Ensino e Pesquisa.
- Byrne, David & Kelly, Robert, 2019. "Monetary policy expectations and risk-taking among U.S. banks," Research Technical Papers 6/RT/19, Central Bank of Ireland.
- McMahon, Michael & Haldane, Andrew & Macaulay, Alistair, 2020. "The 3 E’s of Central Bank Communication with the Public," CEPR Discussion Papers 14265, C.E.P.R. Discussion Papers.
- Toshitaka Sekine & Frank Packer & Shunichi Yoneyama, 2022.
"Individual Trend Inflation,"
IMES Discussion Paper Series
22-E-14, Institute for Monetary and Economic Studies, Bank of Japan.
- Toshitaka Sekine & Frank Packer & Shunichi Yoneyama, 2022. "Individual Trend Inflation," Working Papers on Central Bank Communication 042, University of Tokyo, Graduate School of Economics.
- Williams, Andrew, 2015. "A global index of information transparency and accountability," Journal of Comparative Economics, Elsevier, vol. 43(3), pages 804-824.
- Eichler, Stefan & Littke, Helge C.N., 2018. "Central bank transparency and the volatility of exchange rates," Journal of International Money and Finance, Elsevier, vol. 89(C), pages 23-49.
- Bleich, Dirk & Fendel, Ralf & Rülke, Jan-Christoph, 2012. "Inflation targeting makes the difference: Novel evidence on inflation stabilization," Journal of International Money and Finance, Elsevier, vol. 31(5), pages 1092-1105.