conclusions include: (1) There is little evidence that inflation targeting affects performance in advanced economies, but some …

Inflation targeting is a monetary-policy strategy characterized by an announced numerical inflation target, an … implementation of monetary policy that gives a major role to an inflation forecast that has been called forecast targeting, and a … of stabilizing both inflation and the real economy, and as of 2010 has been adopted by about 25 industrialized and …

Emerging economies with inflation targets (IT) face a dilemma between fulfilling the theoretical conditions of “strict …

This paper studies the effects of the monetary policy regime shift to inflation targeting on the stochastic properties … shifts with the monetary policy regime change to inflation targeting in October 1992. The mean-reverting level of the real … interest rate has decreased from 5.1% to 2.3% per annum with the change in monetary policy to inflation targeting. In addition …

of flexible inflation targeting (price stability and the highest sustainable employment), including keeping average … inflation over a longer period on target; (2) not adding household debt as a new (intermediate) target variable, in addition to … inflation and unemployment – not “leaning against the wind,” which is counterproductive, but leaving any problems with household …

The fiscal theory states that inflation adjusts so that the real value of government debt equals the present value of … determines the path of expected inflation, while news about the present value of surpluses drives unexpected inflation. I use … fiscal theory to interpret historical episodes, including the rise and fall of inflation in the 1970s and 1980s, the long …