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https://hdl.handle.net/20.500.11851/1092
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Taş, Bedri Kamil Onur | - |
dc.contributor.author | Peker, Mustafa Çağrı | - |
dc.date.accessioned | 2019-05-23T05:53:20Z | |
dc.date.available | 2019-05-23T05:53:20Z | |
dc.date.issued | 2017-12 | |
dc.identifier.citation | Tas, B. K. O., & Peker, M. C. (2017). Inflation Target Credibility: Do the Financial Markets Find the Targets Believable?. Oxford Bulletin of Economics and Statistics, 79(6), 1125-1147. | en_US |
dc.identifier.issn | 0305-9049 | |
dc.identifier.other | number of pages 23 | |
dc.identifier.uri | https://doi.org/10.1111/obes.12181 | - |
dc.identifier.uri | https://hdl.handle.net/20.500.11851/1092 | - |
dc.description.abstract | We investigate the credibility of inflation targeting (IT) central banks (CBs) by estimating perceived inflation targets of the financial markets. We calculate financial markets' beliefs about the inflation targets of 24 IT countries. Then, we analyse whether the financial markets' beliefs about inflation targets match the announced targets. We conclude that the perceived upper bound of the inflation target is significantly higher than the announced one in many countries. Additionally, the perceived target band is narrower and asymmetric around the mid-point of the target for most CBs. We examine the implications of these findings and find that IT CBs are more likely to miss their targets when the perceptions of the financial markets are higher than the announced IT targets. These results indicate that IT CBs should pay attention to the perceptions of the announced targets when implementing policy actions. | en_US |
dc.language.iso | en | en_US |
dc.publisher | Wiley | en_US |
dc.relation.ispartof | Oxford Bulletin Of Economics And Statistics | en_US |
dc.rights | info:eu-repo/semantics/closedAccess | en_US |
dc.title | Inflation Target Credibility: Do the Financial Markets Find the Targets Believable? | en_US |
dc.type | Article | en_US |
dc.department | Faculties, Faculty of Economics and Administrative Sciences, Department of Economics | en_US |
dc.department | Fakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü | tr_TR |
dc.identifier.volume | 79 | |
dc.identifier.issue | 6 | |
dc.identifier.startpage | 1125 | |
dc.identifier.endpage | 1147 | |
dc.relation.tubitak | Scientific and Technological Research Council of Turkey [111K501] | en_US |
dc.authorid | 0000-0001-5418-777X | - |
dc.identifier.wos | WOS:000414340300008 | en_US |
dc.identifier.scopus | 2-s2.0-85017430833 | en_US |
dc.institutionauthor | Taş, Bedri Kamil Onur | - |
dc.identifier.doi | 10.1111/obes.12181 | - |
dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
dc.identifier.scopusquality | Q1 | - |
item.openairetype | Article | - |
item.languageiso639-1 | en | - |
item.grantfulltext | none | - |
item.fulltext | No Fulltext | - |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
item.cerifentitytype | Publications | - |
crisitem.author.dept | 04.01. Department of Economics | - |
Appears in Collections: | İktisat Bölümü / Department of Economics Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection |
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