00000nam##2200000za#4500 9.571566 CaOODSP 20211126112844 cr ||||||||||| 150406|2001||||xxc|||||o f|0| 0 eng|d 1701-9397 CaOODSP eng n-cn--- FB3-2/101-11E-PDF Bank of Canada. Gaining credibility for inflation targets / [electronic resource] by James Yetman. Ottawa - Ontario : Bank of Canada July 2001. 42p. graphs, references Bank of Canada working paper 1701-9397 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. The ISSN (1192-5434) for the print edition has been incorrectly copied in this electronic publication. 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 Résumé en français. 11-19-Supp 2011-09-23 Inflation gcpds Economic conditions gcpds Yetman, James Gaining credibility for inflation targets / (CaOODSP)9.615717 Working paper (Bank of Canada) 1701-9397 2001-11 (CaOODSP)9.504604 http://publications.gc.ca PDF 185 KB https://publications.gc.ca/collections/Collection/FB3-2-101-11E.pdf 2001-11