employs bivariate cointegration methodology to examine the long-term relationship between inflation index and the different …

solution is evolving in the use of inflation targets"--Federal Reserve Bank of St. Louis web site …

of Japan, the Tiger states and China with their respective strategies of industrial policy and export-led growth. Is …Using a strategy of export-led growth and an activist industrial policy, Japan, the Asian Tigers and more recently … China have attained high rates of economic growth. Export-led growth has taken over the status as model for developing …

This article focuses on inflation targeting (hereafter IT) as a superior monetary policy strategy for attaining price … inflation targeting and also examines the IT experiences of some industrial and emerging markets. The growing body of empirical …

increased, we find that, as of September 2002, with the exception of Japan there is no evidence of substantial deflation risks …. We also put the estimates of deflation risk for the United States, Germany and Japan into historical perspective. We find … that only for Japan there is evidence of deflation risks that are unusually high by historical standards. JEL …

interpreted, first and foremost, as a commitment device. In our setting, a monetary target helps anchoring inflation and inflation … well as a strong response to deviations of inflation from target and to the activity growth gap. In contrast, the response …