dc.contributor.author | Tura-Gawron, Karolina | |
dc.date.accessioned | 2016-10-11T11:36:27Z | |
dc.date.available | 2016-10-11T11:36:27Z | |
dc.date.issued | 2016-02 | |
dc.identifier.citation | Tura-Gawron K. (2016) . Credibility of central banks inflation forecasts . GUT FME Working Papers Series A, No 7/2016(37). Gdansk (Pol and): Gdansk University of Technology, Faculty of Management and Economics. | pl_PL |
dc.identifier.uri | https://depot.ceon.pl/handle/123456789/10545 | |
dc.description.abstract | Modern monetary policy focuses on credibility and shaping consumers’ inflation expectations. According to the concept of inflation forecast targeting (IFT), inflation forecasts play a crucial role in the instrument rate decision-making process and may be a specific intermediate target. The aim of the study is to analyse the credibility of inflation forecasts published by the central banks of England, Sweden and Norway. The article presents the proposition of an inflation forecast credibility index. The inflation forecasts’ credibility index may be calculated for all types of inflation forecasts made by central banks, which implement an inflation targeting (IT) regime. It consists of three main elements: the accuracy of the forecasts, the similarity of the forecasts and the inflation forecast deviations from the inflation target. The credibility index has been calculated for the inflation forecasts made by central banks of England, Sweden and Norway. The research conducted shows that most of the inflation forecasts published in selected central banks were credible. | en |
dc.description.sponsorship | The article presents the results of the research financed by the National Science Center in Poland: “Forecasting inflation on the basis of DSGE models in the implementation of inflation targeting in selected central banks” contract No. 2013/09/N/HS4/03766. | pl_PL |
dc.language.iso | en | pl_PL |
dc.publisher | GUT Faculty of Management and Economics Working Papers Series A | pl_PL |
dc.rights | Creative Commons Uznanie autorstwa - Użycie niekomercyjne - Bez
utworów zależnych 3.0 Polska | |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/pl/legalcode | |
dc.subject | inflation expectations | en |
dc.subject | inflation forecast credibility index | en |
dc.subject | inflation forecast | en |
dc.subject | inflation forecasts targeting | en |
dc.title | Credibility of Central Banks Inflation Forecasts | en |
dc.type | info:eu-repo/semantics/preprint | pl_PL |
dc.contributor.organization | Gdansk University of Technology, Faculty of Management and Economics | pl_PL |
dc.description.eperson | Karolina Tura-Gawron | |
dc.rights.DELETETHISFIELD | info:eu-repo/semantics/openAccess | |