Central Bank credibility and inflation expectations: a microfounded forecasting approach

Detalhes bibliográficos
Autor(a) principal: Issler, João Victor
Data de Publicação: 2019
Outros Autores: Soares, Ana Flávia
Tipo de documento: Artigo
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: https://hdl.handle.net/10438/28292
Resumo: Credibility 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.
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spelling Issler, João VictorSoares, Ana FláviaEscolas::EPGE2019-10-10T17:18:19Z2019-10-10T17:18:19Z2019-020104-8910https://hdl.handle.net/10438/28292Credibility 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.Escola de Pós-Graduação em Economia da FGVEnsaios Econômicos;812Consensus forecastsForecast combinationPanel dataCombinação de previsãoEconomiaInflação - BrasilPolítica monetária - BrasilCentral Bank credibility and inflation expectations: a microfounded forecasting approachinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessTHUMBNAILfgv-epge-ensaio-economico-812.pdf.jpgfgv-epge-ensaio-economico-812.pdf.jpgGenerated Thumbnailimage/jpeg1913http://bibliotecadigital.fgv.br:80/dspace/bitstream/10438/28292/4/fgv-epge-ensaio-economico-812.pdf.jpga7749d442fd70e7c36a8d4d73e8a5e1cMD54TEXTfgv-epge-ensaio-economico-812.pdf.txtfgv-epge-ensaio-economico-812.pdf.txtExtracted 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dc.title.eng.fl_str_mv Central Bank credibility and inflation expectations: a microfounded forecasting approach
title Central Bank credibility and inflation expectations: a microfounded forecasting approach
spellingShingle Central Bank credibility and inflation expectations: a microfounded forecasting approach
Issler, João Victor
Consensus forecasts
Forecast combination
Panel data
Combinação de previsão
Economia
Inflação - Brasil
Política monetária - Brasil
title_short Central Bank credibility and inflation expectations: a microfounded forecasting approach
title_full Central Bank credibility and inflation expectations: a microfounded forecasting approach
title_fullStr Central Bank credibility and inflation expectations: a microfounded forecasting approach
title_full_unstemmed Central Bank credibility and inflation expectations: a microfounded forecasting approach
title_sort Central Bank credibility and inflation expectations: a microfounded forecasting approach
author Issler, João Victor
author_facet Issler, João Victor
Soares, Ana Flávia
author_role author
author2 Soares, Ana Flávia
author2_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EPGE
dc.contributor.author.fl_str_mv Issler, João Victor
Soares, Ana Flávia
dc.subject.eng.fl_str_mv Consensus forecasts
Forecast combination
Panel data
topic Consensus forecasts
Forecast combination
Panel data
Combinação de previsão
Economia
Inflação - Brasil
Política monetária - Brasil
dc.subject.por.fl_str_mv Combinação de previsão
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Inflação - Brasil
Política monetária - Brasil
description Credibility 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.
publishDate 2019
dc.date.accessioned.fl_str_mv 2019-10-10T17:18:19Z
dc.date.available.fl_str_mv 2019-10-10T17:18:19Z
dc.date.issued.fl_str_mv 2019-02
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://hdl.handle.net/10438/28292
dc.identifier.issn.none.fl_str_mv 0104-8910
identifier_str_mv 0104-8910
url https://hdl.handle.net/10438/28292
dc.relation.ispartofseries.none.fl_str_mv Ensaios Econômicos;812
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
dc.source.none.fl_str_mv reponame:Repositório Institucional do FGV (FGV Repositório Digital)
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collection Repositório Institucional do FGV (FGV Repositório Digital)
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