Central Bank credibility and inflation expectations: a microfounded forecasting approach

dc.contributorEscolas::EPGE
dc.creatorIssler, João Victor
dc.creatorSoares, Ana Flávia
dc.date.accessioned2019-10-10T17:18:19Z
dc.date.accessioned2022-11-03T20:36:41Z
dc.date.available2019-10-10T17:18:19Z
dc.date.available2022-11-03T20:36:41Z
dc.date.created2019-10-10T17:18:19Z
dc.date.issued2019-02
dc.identifier0104-8910
dc.identifierhttps://hdl.handle.net/10438/28292
dc.identifier.urihttps://repositorioslatinoamericanos.uchile.cl/handle/2250/5041619
dc.description.abstractCredibility is elusive and no generally agreed upon measure of it exists. Despite that, Blinder (2000) generated a consensus in the literature by arguing that ”A central bank is credible if people believe it will do what it says”. It is very hard to argue against such a definition of credibility, being the reason why it became so popular among central bankers and academics alike.
dc.publisherEscola de Pós-Graduação em Economia da FGV
dc.relationEnsaios Econômicos;812
dc.subjectConsensus forecasts
dc.subjectForecast combination
dc.subjectPanel data
dc.subjectCombinação de previsão
dc.titleCentral Bank credibility and inflation expectations: a microfounded forecasting approach
dc.typeWorking Paper


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