inflation targeting (AIT) is equivalent to price level targeting (PLT). However, AIT with a finite, but sufficiently long …Assigning a discretionary central bank a mandate to stabilize an average inflation rate - rather than a period …-by-period inflation rate - increases welfare in a New Keynesian model with an occasionally binding lower bound on nominal interest rates …

inflation targeting affected households' expectations. Starting with the day of the announcement, there is a very small uptick … different. When we provide randomly selected households with pertinent information about average inflation targeting, their … expectations still do not change in a different way than when households are provided with information about traditional inflation …

This paper investigates whether institutional quality determines the effect of inflation targeting (IT) on the banking …

The aim of this paper is to study preference heterogeneity in monetary policy committees of inflation-targeting (IT … (MNB). But, similar to the committees of advanced economies, the diversity of views on the inflation forecast is measurable …

attention to its use under inflation targeting (IT). We find significant differences between advanced and emerging market … find no evidence of FXI being used in response to inflation developments, while there is strong evidence that FXI responds … to exchange rates, indicating that IT central banks in EMDEs have dual inflation/exchange rate objectives. We also find a …

that inflation targeting does not matter …Recently in this journal, Gonçalves and Carvalho (2009) concluded that inflation targeters were able to bring inflation … different macroeconomic conditions. In their sample, simple extensions like justifiably varying the treatment group of inflation …

The objective of this paper isto investigate the impact of inflation targeting strategy on monetary policy transmission … inflation targeting countries and 20 non-inflation targeting countries. This study implies Generalized Method of Moments (GMM …) for empirical investigation. The evaluation of transmission mechanism in the presence of inflation targeting strategy by …