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http://worldcat.org/entity/work/id/289944842

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 communication tools-inflation targets, inflation forecasts, and verbal assessments of inflation factors contained in quarterly inflation reports-provided a consistent message in five out of six observations in our 2000-05 sample of Chile, the Czech Republic, Hungary, Poland, Thailand, and Sweden.

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  • "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 communication tools-inflation targets, inflation forecasts, and verbal assessments of inflation factors contained in quarterly inflation reports-provided a consistent message in five out of six observations in our 2000-05 sample of Chile, the Czech Republic, Hungary, Poland, Thailand, and Sweden."@en

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  • "Livres électroniques"

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  • "Inflation targeting and communication: it pays off to read inflation reports"
  • "Inflation targeting and communication it pays off to read inflation reports"
  • "Inflation targeting and communication it pays off to read inflation reports"@en
  • "Inflation targeting and communication : it pays off to read inflation reports"@en
  • "Inflation targeting and communication : it pays off to read inflation reports"

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