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 … the VEC model. In addition, we try to account for possible variation in time. The simplest approach is a re-estimation of … VAR models on two sub-periods. Our second strategy is the estimation of the error correction equation with the Kalman …

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. …

fulfilment of the Maastricht inflation criterion (MIC) require disinflation; and secondly, to discuss and suggest policies geared … in inflation by 0.5 p.p., 1 p.p. and 1.5 p.p. leads to a cumulative loss of output reaching about 0.5%, 1% and 1 … shorter the time to reach a given lower level of inflation, the higher the initial increase in the interest rate and the more …

economies targeting either inflation or the exchange rate. The announcement of a future change in the monetary policy regime … future monetary policy regime, the behavior of inflation and exchange rate targeting economies converges after the …

deliver the lowest welfare loss. Under the assumptions taken, the strict inflation-targeting regime is identified as the best …