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dc.contributor.authorTura-Gawron, Karolina
dc.date.accessioned2016-10-11T11:36:27Z
dc.date.available2016-10-11T11:36:27Z
dc.date.issued2016-02
dc.identifier.citationTura-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.urihttps://depot.ceon.pl/handle/123456789/10545
dc.description.abstractModern 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.sponsorshipThe 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.isoenpl_PL
dc.publisherGUT Faculty of Management and Economics Working Papers Series Apl_PL
dc.rightsCreative Commons Uznanie autorstwa - Użycie niekomercyjne - Bez utworów zależnych 3.0 Polska
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/pl/legalcode
dc.subjectinflation expectationsen
dc.subjectinflation forecast credibility indexen
dc.subjectinflation forecasten
dc.subjectinflation forecasts targetingen
dc.titleCredibility of Central Banks Inflation Forecastsen
dc.typeinfo:eu-repo/semantics/preprintpl_PL
dc.contributor.organizationGdansk University of Technology, Faculty of Management and Economicspl_PL
dc.description.epersonKarolina Tura-Gawron
dc.rights.DELETETHISFIELDinfo:eu-repo/semantics/openAccess


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