... adopted afterwards, the average of the actual annual inflation rate in the sample is taken as the target for that year. One-year-ahead inflation expectations are based on one-year-ahead WEO forecasts ... Lisandro Abrego, Luis Cubeddu, Mario Deheza, Maria Gonzales-Miranda, Charles Kramer, Gabriel Lopetegui, Pablo Morra, Shawn Roach, Daniel Rodriguez Delgado, Camilo Tovar, and Yulia Ustyugova and ... Manrique (2004) for Germany and the United States, Andres et al. (2009) for the United States and the Euro area, Basdevant et al (2004) for New Zealand, and Djoudad et al. (2004) for Canada. 20...