. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyze the effects on inflation … of both having a quantitative target, and of hitting a declared target; we also consider effects on output volatility … determinants of inflation (such as fiscal policy, the business cycle, and openness to international trade), and the endogeneity of …

model of inflation determination estimated on the Czech data.We characterize the estimated components of CPI, WPI and import …