In inflation targeting (IT) regimes, the Monetary Authority announces an explicit objective, the target for inflation …. However, other objectives that possibly conflict with the inflation goal are present, such as keeping output close to its … inflation targeting really provides a transparent framework for monetary policy. This question is addressed in this paper …

and does not imply positive average inflation rates in equilibrium. Interestingly, the presence of binding real rate …

discretionary policy increase even further when inflation is partly determined by lagged inflation in the Phillips curve. These …

help predict future inflation over moderate horizons of 3 to 5 years. This paper argues that common measures of the … predictive power of the term structure spread for future inflation are misleading. In particular, R2s for estimated inflation … particularly large in countries whose monetary authorities have strong reputations for credibly targeting a stable inflation rate …

-- Customer markets and financial frictions: implications for inflation dynamics / Simon Gilchrist, Egon Zakrajšek -- Commentary … international spillovers on inflation dynamics and independent monetary policy: the Swiss experience / Thomas J. Jordan -- Inflation … dynamics: lessons from past debates for current policy / Athanasios Orphanides -- Inflation dynamics in Latin America: a …