This paper analyses empirically the link between central bank financial strength and inflation. The issue has become … relationship between several measures of central bank financial strength and inflation, this link appears rather weak and not as … robust as suggested by the previous - very limited - literature. In general, other inflation determinants play a much more …

apply an inflation targeting regime. Two different empirical frameworks are used: (i) Generalized Method of Moments (GMM …

Since the introduction of inflation targeting in the Czech Republic in 1998, supply-side factors have had a strong … direct influence on CPI inflation on several occasions. This paper uses a small-scale dynamic rational expectations model … selected supply-side shocks and of shocks to the nominal exchange rate on wages and subsequently on inflation. In order to …

Yes, as inferred from panel evidence for inflation-targeting countries and a control group of high-achieving industrial … countries that do not target inflation. Our evidence suggests that inflation targeting helps countries achieve lower inflation … in the long run, have a smaller inflation response to oil-price and exchange-rate shocks, strengthen monetary policy …

Inflation-targeting central banks have a respectable track record at explaining their policy actions and corresponding … inflation outturns. Using a simple forward-looking policy rule and an assessment of inflation reports, we provide a new … methodology for the empirical evaluation of consistency in central bank communication. We find that the three communication tools—inflation …

We examine the evolution of monetary policy rules in a group of inflation targeting countries (Australia, Canada, New … countries, albeit the importance of exchange rate diminishes after the adoption of inflation targeting. Third, the response of … interest rates on inflation is particularly strong during the periods, when central bankers want to break the record of high …