<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Inflation expectations are very important when it comes to monetary policy and its decisions. In countries which are applying inflation targeting, inflation expectations reflect prediction of economic agents of movement of inflation rate in mid and long term. Anchored inflation expectations and their movements within target tolerance band are pointing to effectiveness of the inflation targeting strategy. Consistent with the best international practice, after introducing the inflation targeting regime in January 2009, the National Bank of Serbia began monitoring and analysing inflation expectations of economic agents (financial sector, corporate sector, trade unions, and households). The aim of this paper is to analyse inflation expectations in Serbia, but also to give a comparative analysis of inflation expectation of other countries which are using inflation targeting and floating exchange rate, as is the case of the National Bank of Serbia.</p></abstract>

Inflation expectations are very important when it comes to monetary policy and its decisions. In countries which are applying inflation targeting, inflation expectations reflect prediction of economic agents of movement of inflation rate in mid and long term. Anchored inflation expectations and their movements within target tolerance band are pointing to effectiveness of the inflation targeting strategy. Consistent with the best international practice, after introducing the inflation targeting regime in January 2009, the National Bank of Serbia began monitoring and analysing inflation expectations of economic agents (financial sector, corporate sector, trade unions, and households). The aim of this paper is to analyse inflation expectations in Serbia, but also to give a comparative analysis of inflation expectation of other countries which are using inflation targeting and floating exchange rate, as is the case of the National Bank of Serbia.

Development of Inflation Expectations in Serbia and a Comparative Analysis

Journal of Central Banking Theory and Practice

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

{"article-title":"Development of Inflation Expectations in Serbia and a Comparative Analysis"}

Inflation expectations are very important when it comes to monetary policy and its decisions. In countries which are applying inflation targeting, inflation...

Development of Inflation Expectations in Serbia and a Comparative Analysis

Published Online: Jan 28, 2020

Page range: 61 - 79

Received: Nov 24, 2018

Accepted: Feb 18, 2019

DOI: https://doi.org/10.2478/jcbtp-2020-0004

Keywords
inflation expectations, monetary policy, economic agents, anchored expectations

© 2019 Vesna Martin, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Development of Inflation Expectations in Serbia and a Comparative Analysis

Published Online: Jan 28, 2020

Page range: 61 - 79

Received: Nov 24, 2018

Accepted: Feb 18, 2019

DOI: https://doi.org/10.2478/jcbtp-2020-0004

Keywordsinflation expectations, monetary policy, economic agents, anchored expectations

© 2019 Vesna Martin, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
inflation expectations, monetary policy, economic agents, anchored expectations