Inflation, inflation expectations and central bank communication in emerging markets

The paper studies inflation, inflation expectations, and central bank communication in emerging markets from Africa, Asia and Latin America. The analysis shows that superior central bank communication is associated with greater accuracy in the econometric modelling of inflation and inflation expecta...

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Bibliographic Details
Published inMacroeconomics and finance in emerging market economies Vol. 15; no. 3; pp. 215 - 230
Main Author Sánchez-Fung, José R.
Format Journal Article
LanguageEnglish
Published Abingdon Routledge 02.09.2022
Taylor & Francis Ltd
Subjects
Central bank communication and transparency
Central banks
Communication
Econometrics
Economic models
emerging economies
Emerging markets
Expectations
Inflation
inflation and inflation expectations
unobserved components time series econometrics models
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Summary:The paper studies inflation, inflation expectations, and central bank communication in emerging markets from Africa, Asia and Latin America. The analysis shows that superior central bank communication is associated with greater accuracy in the econometric modelling of inflation and inflation expectations using a benchmark univariate unobserved components time series model. The investigation explores the wider applicability of its approach by examining the United States, Norway, the United Kingdom and Switzerland.
ISSN:1752-0843
1752-0851
DOI:10.1080/17520843.2021.1901348