00000nam##2200000za#4500 9.615717 CaOODSP 20211126112847 ta 150406|2001||||xxc||||| f|0| 0 eng|d 1192-5434 CaOODSP eng n-cn--- FB3-2/101-11E Bank of Canada. Gaining credibility for inflation targets / by James Yetman. Ottawa - Ontario : Bank of Canada 2001. vi, 33p. : figs., graphs, references ; 28 cm. Working paper 1192-5434 2001-11 "In this paper, I consider a simple model in which agents learn about the inflation target of a central bank over time by observing the policy instrument or inflation outcomes. Measuring credibility as the distance between the perceived target and the actual target, an increase in credibility is beneficial to the central bank because it brings the policy consistent with attaining the inflation target closer to that required to attain the output target."--Abstract. In this paper, I consider a simple model in which agents learn about the inflation target of a central bank over time by observing the policy instrument or inflation outcomes. Measuring credibility as the distance between the perceived target and the actual target, an increase in credibility is beneficial to the central bank because it brings the policy consistent with attaining the inflation target closer to that required to attain the output target.--Abstract Résumés en français Softcover 01-30 2001-07-27 Inflation gcpds Economic conditions gcpds Yetman, James Gaining credibility for inflation targets / (CaOODSP)9.571566 Working paper, 1192-5434 2001-11 (CaOODSP)9.514622