文章基本信息

标题：Establishing and Maintaining a Firm Nominal Anchor
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作者：Andrew Levin
期刊名称：International Journal of Central Banking
印刷版ISSN：1815-4654
出版年度：2014
出版社：IJCB Publications Fulfillment
摘要：A key practical challenge for monetary policy is to gauge the extent to which the private sector perceives the central bank’s nominal anchor as transparent and credible. In light of that challenge, this commentary discusses some evidence on the evolution of longer-term inflation expectations in three advanced economies and then highlights several econometric issues that are relevant in assessing whether a given central bank has effectively been following a price-level targeting regime or an inflation-targeting regime