income growth will be divided between inflation and output growth, as well as "velocity" constraints that influence the path …-equation approach to the econometric problem of predicting how changes in nominal GNP growth will be divided between inflation and real … GNP growth. The results from the equation estimated through 1980 are used to examine the behavior of inflation during the …

The purpose of the mission was to improve the understanding of the conduct of monetary policy in an inflation targeting …

, we document several potential fiscal dominance effects during 2000-2017 under Inflation Targeting (IT), and non …

Existing proposals to escape from a liquidity trap and deflation, including my Foolproof Way,' are discussed in the … conclude that the Foolproof Way is likely to work well for Japan, which is in a liquidity trap now, as well as for the euro …

-rate targeting, 2) monetary targeting, 3) inflation targeting, and 4) monetary policy with an implicit but not an explicit nominal …

This paper deals with the relationship between inflation targeting and exchange rates. I address three specific issues …: first, I analyze the effectiveness of nominal exchange rates as shock absorbers in countries with inflation targeting. This … volatility is different in countries with an inflation targeting regime than in countries with alternative monetary policy …

reduced to a tractable canonical system in domestic inflation and the output gap. We employ this framework to analyze the … macroeconomic implications of three alternative monetary policy regimes for the small open economy: domestic inflation targeting … exchange rate volatility that they entail. We also discuss a special case for which domestic inflation targeting constitutes …