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Keep your Word: Time-varying Inflation Targets and Inflation Targeting Performance
This paper investigates the implicit inflation targets of inflation targeting (IT) central banks (CBs). The implicit (perceived) inflation targets of IT CBs derived from their actions (policy interest rates) are calculated ...
Happiness, Comparison Effects, and Expectations in Turkey
It is crucial to know the factors that influence happiness. This study investigates the determinants of happiness with an emphasis on comparison effects (income relative to others' income or relative to the own income in ...