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Helder Ferreira de Mendonça and Pedro Mendes Garcia |
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''Does the central banker type affect inflation expectations?'' |
( 2021, Vol. 41 No.1 ) |
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Based on the Brazilian data, this paper shows empirical evidence regarding the effect of central banker type (weak or strong) on the content of survey-based and market-based inflation expectations for explaining realized inflation. The findings indicate that the content of survey-based and market-based inflation expectations explaining the realized inflation is sensitive to the central banker type. |
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Keywords: inflation expectations, survey of forecasters, monetary policy, central bank |
JEL: E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit: General D8 - Information, Knowledge, and Uncertainty: General |
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Manuscript Received : Mar 16 2020 | | Manuscript Accepted : Mar 10 2021 |
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