scholarly journals Central Bank Credibility and the Expectations Channel: Evidence Based on a New Credibility Index

2015 ◽  
Author(s):  
Grrgory Levieuge ◽  
Yannick Lucotte ◽  
SSbastien Ringuedd
Keyword(s):  
Central Bank ◽  
Evidence Based ◽  
Credibility Index ◽  
Central Bank Credibility

scholarly journals Central Bank Credibility and the Expectations Channel: Evidence Based on a New Credibility Index

2015 ◽  
Author(s):  
Grrgory Levieuge ◽  
Yannick Lucotte ◽  
SSbastien Ringuedd
Keyword(s):  
Central Bank ◽  
Evidence Based ◽  
Credibility Index ◽  
Central Bank Credibility

scholarly journals Central bank credibility and the expectations channel: evidence based on a new credibility index

2018 ◽  
Vol 154 (3) ◽  
pp. 493-535 ◽  
Author(s):  
Grégory Levieuge ◽  
Yannick Lucotte ◽  
Sébastien Ringuedé
Keyword(s):  
Central Bank ◽  
Evidence Based ◽  
Credibility Index ◽  
Central Bank Credibility

scholarly journals Central Bank Credibility: Determinants and Measurement. A Cross-Country Study

2016 ◽  
Vol 66 (1) ◽  
pp. 125-151
Author(s):  
Joanna Mackiewicz-Łyziak
Keyword(s):  
Czech Republic ◽  
Central Bank ◽  
Credibility Measure ◽  
Inflation Expectations ◽  
The Czech Republic ◽  
Economic Agents ◽  
Country Study ◽  
Cross Country ◽  
Credibility Index ◽  
Central Bank Credibility

This paper proposes a new measure of central bank credibility — the credibility index calculated on the basis of the key determinants of central bank credibility. The index is compiled for 9 countries: the Czech Republic, Hungary, Slovakia, Poland, Chile, Brazil, Turkey, United Kingdom and Sweden , for the years 1999–2007. The results are cross-checked with other credibility measures based on inflation expectations of two groups of economic agents. The analysis demonstrates that the credibility index may be considered a relevant and consistent credibility measure.

Deflation Risk in the Euro Area and Central Bank Credibility

2016 ◽  
Author(s):  
Gabriele Galati ◽  
Zion Gorgi ◽  
Chen Zhou
Keyword(s):  
Central Bank ◽  
Euro Area ◽  
Central Bank Credibility

Forward Guidance and the Role of Central Bank Credibility under Heterogeneous Beliefs

2018 ◽  
Author(s):  
Gavin Goy ◽  
Cars H. Hommes ◽  
Kostas Mavromatis
Keyword(s):  
Central Bank ◽  
Heterogeneous Beliefs ◽  
Forward Guidance ◽  
Central Bank Credibility

scholarly journals Central Bank Credibility and the Persistence of Inflation and Inflation Expectations

2012 ◽  
Vol 2012 (117) ◽  
Author(s):  
J. Scott Davis ◽  
Keyword(s):  
Central Bank ◽  
Inflation Expectations ◽  
Central Bank Credibility

scholarly journals Efektivitas Kredibilitas Bank Sentral terhadap Inflasi bagi Produsen dan Konsumen di Indonesia

2020 ◽  
Vol 20 (2) ◽  
pp. 174-196
Author(s):  
Rakhmat Prabowo ◽  
Mohamad Ikhsan
Keyword(s):  
Central Bank ◽  
Method Of Moments ◽  
Price Index ◽  
Generalized Method Of Moments ◽  
Wholesale Price ◽  
Producer Price ◽  
Core Inflation ◽  
Wholesale Price Index ◽  
The Impact ◽  
Central Bank Credibility

This study is intended to explain the impact of central bank credibility on inflation in Indonesia at the producer and consumer level. In this study, Central Bank Credibility is measured using an index with values between 0 (zero credibility) and 1 (perfect credibility). Generalized Method of Moments (GMM) method is used to analyze the impact of central bank credibility on inflation. Based on the results, central bank credibility can reduce inflation on both producer and consumer price. Central bank credibility is more sensitive towards producer price index compared to Gross Domestic Product (GDP) deflator and wholesale price index while at the consumer level, central bank credibility is more sensitive towards core inflation compared to headline inflation. -------------------------------------- Penelitian ini menjelaskan dampak kredibilitas Bank Sentral terhadap inflasi di Indonesia. Dampak kredibilitas Bank Sentral dianalisis pada tingkat produsen maupun konsumen. Untuk mengukur kredibilitas Bank Sentral, penelitian ini menggunakan indeks kredibilitas bernilai 0 (zero credibility) hingga 1 (perfect credibility). Metode Generalized Method of Moments (GMM) digunakan untuk menganalisis dampak kredibilitas Bank Sentral terhadap inflasi. Berdasarkan hasil empiris, kredibilitas Bank Sentral cenderung lebih memengaruhi inflasi pada Indeks Harga Produsen (IHP) dibandingkan Indeks Harga Perdagangan Besar (IHPB) dan deflator Produk Domestik Bruto (PDB). Kredibilitas Bank Sentral lebih memengaruhi inflasi inti dibandingkan dengan inflasi umum. Dari hasil empiris diketahui bahwa kredibilitas Bank Sentral lebih memengaruhi inflasi pada sisi produsen dibandingkan konsumen.

scholarly journals The Effect of Central Bank Credibility on Forward Guidance in an Estimated New Keynesian Model

2021 ◽  
Vol 2019 (375) ◽  
Author(s):  
Stephen J. Cole ◽  
◽  
Enrique Martínez-García ◽  
Keyword(s):  
Central Bank ◽  
New Keynesian ◽  
New Keynesian Model ◽  
Forward Guidance ◽  
Keynesian Model ◽  
Central Bank Credibility

Central Bank Credibility: An Historical and Quantitative Exploration

2016 ◽  
pp. 62-144 ◽  
Author(s):  
Michael D. Bordo ◽  
Pierre L. Siklos
Keyword(s):  
Central Bank ◽  
Central Bank Credibility
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