In this paper, we empirically examine the effect of inflation targeting on the exchange rate pass-through to prices in … inflation targeters and twelve inflation nontargeters). Our evidence suggests that inflation targeting in emerging countries … the contribution of exchange rate shocks to price fluctuations in emerging targeters declines after adopting inflation …

-through estimates have declined in response to a change in inflation environment and find evidence of such decline only for import …

reduce the inflation. …

should not affect agents' expectations of inflation in the long term. Our estimated structural VARs show that both long- and … short-term inflation expectations are sensitive to policy-related uncertainty shocks. While economic activity contracts …, long-term inflation expectations raise in response to such shocks. These results suggest that observed uncertainty about …

We introduce a new measure called Inflation-at-Risk (I@R) associated with (left and right) tail inflation risk. We … estimate I@R using survey-based density forecasts. We show that it contains information not covered by usual inflation risk … indicators which focus on inflation uncertainty and do not distinguish between the risks of low or high future inflation outcomes …

The recent boom in housing markets of most developed economies has spurred criticism that inflation targeting central …, using a standard program evaluation methodology to correct for a possible bias due to self-selection into inflation … targeting. We consider 17 industrial economies over 1980-2006, among which nine countries have targeted inflation a some dates …

channel (BLC) of monetary transmission in Brazil between 1995 and 2012. I extend the standard empirical approach in two main …

assumption improves the fit of the inflation equation. Third, this assumption is necessary for getting an important reduction of …