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Inflation forecast targeting revisited

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Under inflation forecast targeting, central banks such as the ECB adjust policy to keep expected inflation on target. We evaluate the ECB’s inflation forecasts: they are unbiased and efficient but contain little information at forecast horizons beyond three quarters. In a New Keynesian model with tr...

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Bibliographic Details
Main Authors: Conrad, Christian (Author) , Enders, Zeno (Author) , Müller, Gernot J. (Author)
Format: Book/Monograph Working Paper
Language:English
Published: Munich, Germany Munich Society for the Promotion of Economic Research - CESifo GmbH July 2025
Series:CESifo working papers 12006 (2025)
In: CESifo working papers (12006 (2025))

Subjects:
Graue Literatur
Online Access:Verlag, kostenfrei: https://www.ifo.de/DocDL/cesifo1_wp12006.pdf
Verlag, kostenfrei: https://www.ifo.de/en/publications/2025/working-paper/inflation-forecast-targeting-revisited
Resolving-System, kostenfrei: https://hdl.handle.net/10419/324997
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Author Notes:Christian Conrad, Zeno Enders, Gernot Müller
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Inflation forecast targeting revisited by Conrad, Christian (Author) , Enders, Zeno (Author) , Müller, Gernot J. (Author) ,


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