Demir, B.Yigit, T. M.2016-02-082016-02-0820080165-1765http://hdl.handle.net/11693/23054We inspect how inflation target announcements are instrumental in building central bank credibility and shaping inflation expectations. Investigating the role of announcements by using a time varying credibility measure, we find that both the accuracy and the frequency of inflation announcements have a positive impact on how much attention the public pays to target announcements. © 2008 Elsevier B.V. All rights reserved.EnglishE31E42E58Inflation expectationsInflation target announcementsLearningArticle10.1016/j.econlet.2008.02.0021873-7374