Abstract:

Central banks, Inflation targeting, Monetary policy, Transparency, Keynesian economics, Economic models, Kalman filter, monetary policy communication., aggregate demand, monetary fund, inflationary pressures, real interest rate, national bank, inflation forecasts, actual inflation, real interest rates, price stability, monetary policy transparency, monetary economics, real output, inflation rate, nominal interest rates, low inflation, measure of inflation, independent monetary policy, inflation aversion, foreign exchange, inflation performance, predictions of inflation, monetary policy rules, rate of inflation, purchasing power parity, monetary stance