References
- 1. Aguir, A. (2018). Central bank credibility, independence, and monetary policy. Journal of Central Banking Theory and Practice, 7(3), 91–110.10.2478/jcbtp-2018-0025
- 2. Barro, R. J. & Gordon, D. B. (1983). Rules, Discretion and Reputation in A Model of Monetary Policy. Journal of Monetary Economics. 12(1), 101–121.10.1016/0304-3932(83)90051-X
- 3. Blinder, A. S. (1999). Central Bank Credibility: Why Do We Care? How Do We Build It? National Bureau of Economic Research, Working Paper 716110.3386/w7161
- 4. Cecchetti, S. G. & Krause, S. (2002). Central Bank Structure, Policy Efficiency, and Macroeconomic Performance: Exploring Empirical Relationships. Review-Federal Reserve Bank of Saint Louis, 84(4), 47–60.10.20955/r.84.47-60
- 5. Cukierman, A. & Meltzer, A. H. (1986a). A Theory Of Ambiguity, Credibility, And Inflation Under Discretion and Asymmetric Information. Econometrica: Journal of The Econometric Society, 54(5), 1099–1128.10.2307/1912324
- 6. Cukierman, A. & Meltzer, A. H. (1986b). The Credibility of Monetary Announcements. in M.J.M. Monetary Policy and Uncertainty, Ed. Neumann, Nomos-Verlagsgesellschaft, 39–68, Baden-Baden.
- 7. Croitorov, O (2009). Effects of Credibility of Monetary Policy: Case of Kazakhstan and Moldova”, A Thesis Submitted in Partial Fulfillment of The Requirements For The Degree of MA, Kyiv School of Economics, https://kse.ua/wp-content/uploads/2019/03/Croitorov.pdf (11.09.2018).
- 8. de Mendonça, H. F. (2018). Credibility and Inflation Expectations: What We Can Tell From Seven Emerging Economies?. Journal of Policy Modeling, 40(6), 1165–1181.10.1016/j.jpolmod.2018.06.001
- 9. Demertzis, M., Marcellino, M. & Viegi, N. (2010). Anchors for Inflation Expectations. Europan University Institute Working Papers, Eco 2010/10, 1–18.10.5089/9781451982640.001
- 10. Demertzis, M. & Viegi, N. (2016). Credibility of Central Bank(er)s. CEPR Policy Portal, Retrieved from https://voxeu.org/article/credibility-centralbankers (18.09.2018).
- 11. Doğan, M. K. & Bozdemir, G. (2014). The Effects of Credibility on Interest Rates in Turkey. Eurasian Journal of Business and Economics, 7(14), 71–90.10.17015/ejbe.2014.014.05
- 12. Faust, J. & Svensson, L. E. (2001). Transparency and Credibility: Monetary Policy with Unobservable Goals. International Economic Review, 42(2), 369–397.10.1111/1468-2354.00114
- 13. Friedman, B. M. (2002). The Use and Meaning of Words in Central Banking: Inflation Targeting, Credibility, and Transparency. National Bureau of Economic Research, Woking Paper No. w8972.10.3386/w8972
- 14. Gürkaynak, R. S., Levin, A. & Swanson, E. T. (2006). Does Inflation Targeting Anchor Long-run Inflation Expectations? Evidence From Longterm Bond Yields in the U.S., U.K. and Sweden”, Federal Reserve Bank of San Francisco, Working Paper No. 2006-09.10.24148/wp2006-09
- 15. Issler, J. V. & Santos, A. F. (2018). Central Bank Credibility and Inflation Expectations: A Microfounded Forecasting Approach. Retrieved From https://editorialexpress.com/cgi-bin/conference/download.cgi?db_name=IAAE2018&paper_id=547 (10.10.2018).
- 16. Johnson, D. R. (2002). The Effect of Inflation Targeting on The Behaviour of Expected Inflation: Evidence From an 11 Country Panel. Journal of Monetary Economics, 49(8), 1521–1538.10.1016/S0304-3932(02)00181-2
- 17. Johnson, D.R. (2003). The Effect of Inflation Targets on The Level of Expected Inflation in Five Countries. The Review of Economics and Statistics, 85(4), 1076–1081.10.1162/003465303772815952
- 18. Kydland, F. E. & Prescott, E. C. (1977). Rules Rather than Discretion: The Inconsistency of Optimal Plans. Journal of Political Economy, 85(3), 473–491.10.1086/260580
- 19. Levin, A. T., Natalucci, F. M. & Piger, J. M. (2004). The Macroeconomic Effects of Inflation Targeting. Review-Federal Reserve Bank of Saint Louis, 86(4), 51–8.10.20955/r.86.51-80
- 20. Mackiewicz-Łyziak, J. (2016). Central Bank Credibility: Determinants and Measurement. A Cross-Country Study. Acta Oeconomica, 66(1), 125–151.10.1556/032.2016.66.1.6
- 21. Martin, V. (2020). Development of Inflation Expectations in Serbia and a Comparative Analysis. Journal of Central Banking Theory and Practice, 9(1), 61–79.10.2478/jcbtp-2020-0004
- 22. Radović, M., Radonjić, M., & Đurašković, J. (2018). Central Bank Independence–The Case of the Central Bank of Montenegro. Journal of Central Banking Theory and Practice, 7(3), 25–40.10.2478/jcbtp-2018-0021
- 23. Svensson, L. E. (1997). Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets. European Economic Review, 41(6), 1111–1146.10.1016/S0014-2921(96)00055-4
- 24. Svensson, L. E., 2009. Evaluating monetary policy (No. w15385). National Bureau of Economic Research.10.3386/w15385
- 25. Taylor, J. B. (1983). Comments ‘Rules, Discretion And Reputation in a Model of Monetary Policy’ by Robert J. Barro and David B. Gordon. Journal of Monetary Economics, 12(1), 123–125.10.1016/0304-3932(83)90052-1
- 26. Tanuwidjaja, E. & Choy, K. M. (2005). Central Bank Credibility and Monetary Policy: Evidence from Small Scale Macroeconomic Model of Indonesia. East Asian Bureau of Economic Research. Working Paper No.22576
- 27. Yuxiang, K. & Chen, Z. (2010). Monetary Policy Credibility and Inflationary Expectation. Journal of Economic Psychology, 31(4), 487–49.10.1016/j.joep.2010.03.012