This paper contributes to a better understanding of how inflation targets are set. First, we gather evidence on how … inflation targets are set from official central bank and government publications and from a questionnaire of our own design …. Second, we estimate the determinants of the level of the inflation target in 19 inflation-targeting countries using …

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 …

literature does not come to a consensus about the degree of pass-through to Czech inflation. Since there is no unique approach …

This paper discusses comovement between inflation and output in the euro area. The strength of the comovement may not … mean inflation, determining jointly the upper and lower quantiles to be trimmed, as well as the frequency bandwidth of real … output that best aligns inflation with the output cycle. Our results suggest that at business cycle frequency, the comovement …

illustrate the advantages and disadvantages of price-level targeting. Finally, the similarities of price-level and inflation … developments with hypothetical outcomes under price-level targeting are investigated in selected inflation-targeting countries. …

Consensus Economics forecasts for euro-area GDP growth, consumer and producer price inflation and the USD/EUR exchange … inflation and GDP growth beat the alternatives by a difference which is typically statistically significant. The results are … more diverse for the pre-crisis sample (1994–2007). The Consensus forecast for euro-area producer price inflation …

forecasts for the interest rate and inflation, while no or limited evidence exists for the exchange rate and GDP growth. …