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 …

sub indexes’ inflation dynamics indicate that the exchange rate pass-through in the perfectly competitive sector is … sector. Also, that inflation inertia is lower in the former than in the latter; adding up in more volatility of the perfectly … competitive inflation rate. For policy makers an interesting feature of the perfectly competitive price index is that the evidence …

This paper develops a model which can explain the hump-shaped impulse response of inflation to a monetary shock. A …). Nevertheless, we can show that inflation is hump-shaped under a reasonable range of parameters. It will be also shown that, in … order for inflation to be hump-shaped, sticky wages and variable capital utilization are important as well as dynamic …

One of the key inputs for inflation targeting regime is the right identification of inflationary or disinflationary … gap an inflation rate (Phillips Curve) and structural restrictions over output stochastic dynamics. The estimation is … problems and exhibits more relation with the Peruvian inflation process than other estimates, calculated with the Hodrick …

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

monetary policy actions because monetary policy actions reveal the private information that the Fed has about future inflation …

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 …

. Estimations document illusionary presence of extra variables, such as lagged interest rate, output gap growth, and inflation …