-consistent, closeloop policy rules to target a loss function consisting of deviation in inflation and output growth from desired levels. …

-run restrictions model are used to identify the dynamic response of inflation and output to the monetary and exchange rate innovations …

Central to the conduct of monetary policy are inflation forecasts. Inflation forecast are not unique. Central banks and … professional organizations generate inflation forecasts while households are surveyed about their inflation outlook. This paper … estimates inflation forecast disagreement for nine economies over the 1999-2009 period, five of which target inflation. I find …

This article examines the performance of inflation targeters during the 2007-2012 downturn compared to those without … successful policy results in higher inflation and output growth, lower unemployment, and a better fiscal position. The analysis … is conducted separately for developed and emerging countries. Inflation targeting tends to insulate developed countries …

real depreciation of the rupiah, and rapid growth of base money, which resulted in inflation. Thus all prices rose, but …

equilibrium allocations, inflation and create an endogenous interest-rate spread. How this new feature alters optimal fiscal … literature, between using inflation surprise and labor-income tax is eradicated by the existence of the liquid bond. We find that …

inflation averse than the ECB. In contrast, the shadow committee of the BoE proposes a more hawkish monetary policy stance than …

GC counterpart. Both committees respond similarly to inflation. Disagreement within the MPC and with the GC is more … future inflation path. …

inflation in the long run, is a necessary and (under some extra mild restrictions on parameters) sufficient condition for … determinacy in a sticky price model with positive steady-state inflation, interest rate smoothing in monetary policy, partial …