evaluate the impact of monetary policy on New Zealand business cycles and inflation variability and the output/inflation … policy has generally been counter-cyclical, thereby reducing business cycles and inflation variability. Exceptions are in … of inflation targeting monetary policy tended to simultaneously reduce inflation and output variability. From 1996 to …

New Keynesian Phillips curve (NKPC). This model posits the dynamics of inflation as being forward-looking and related to … addresses several important econometric issues with the standard approaches typically used for estimation and inference in NKPC …

, a government and an inflation targeting monetary authority are introduced. The foreign sector is incorporated following …

a case study the Chilean inflation targeting experience, we assess the role of the exchange rate in the determination of … the interest rate. We conclude that Chile has adopted what Svensson (1997) calls a gradual approach to targeting inflation … inflation or output deviate from its target. In this context, we find evidence that the monetary authorities also react to real …

This paper presents some new estimates for the relationship between inflation and unemployment in Brazil based on a new … important factor in explaining the high persistence (inertia) of Brazilian inflation; iii) inflation does have an autonomous … inertial component, without linkage to shocks in individual markets; iv) a non-linear relationship between inflation and …

Extending recent theoretical contributions on sources of inflation inertia, we argue that monetary uncertainty accounts …