What Do Central Banks Know about Inflation Factors?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F16%3A10323837" target="_blank" >RIV/00216208:11230/16:10323837 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1007/s11079-016-9396-x" target="_blank" >http://dx.doi.org/10.1007/s11079-016-9396-x</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s11079-016-9396-x" target="_blank" >10.1007/s11079-016-9396-x</a>
Alternative languages
Result language
angličtina
Original language name
What Do Central Banks Know about Inflation Factors?
Original language description
We offer a novel methodology for assessing the quality of central bank monetary policy reports. We evaluate their economic content by comparing verbally reported inflation factors with factors identified from a simple new Keynesian model. Positive correlations indicate that the reported inflation factors were similar to the model-identified ones, marking high-quality inflation reports. Although sample bank reports on average identified inflation factors correctly, the degree of forward-looking reporting varied.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GAP402%2F11%2F1487" target="_blank" >GAP402/11/1487: Monetary policy, financial stability and financial crisis</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Open Economies Review
ISSN
0923-7992
e-ISSN
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Volume of the periodical
27
Issue of the periodical within the volume
4
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
16
Pages from-to
795-810
UT code for WoS article
000380277300008
EID of the result in the Scopus database
2-s2.0-84969850986