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 discusses the role of foreign exchange interventions in the inflation-targeting regime, focusing on the … Czech experience since 1998. It proposes criteria for assessing whether the interventions are consistent with the inflation … procedures guiding the interest rate decisions under the inflation targeting regime, which may occasionally create tensions in …

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 …