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 …

This Discussion Paper defines the Communication Strategy for Inflation Targeting of the Central Bank of Albania as the … objective of increasing and reaching the (full) awareness of the public on monetary policy issues, in general, and Inflation …

determine the current inflation rate or price level. We conclude that the previous literature has either committed mathematical … involving infinity, we analyze inflation targeting (IT) in a typical rational-expectations, pure-exchange, general …

For Romania, the shift from monetary targeting toward inflation targeting was done under the influences of following … monetization. - A precondition of potential success in the case of inflation targeting was fulfilled - the improvement of taxes …

inflation target regimes. We illustrate with data from selected developed and emerging countries with longest experience of … inflation targeting. …

inflation or output gap, the Bank of Canada denies trying to stabilize asset prices around fundamental values. However, since … rates from indirect effects via inflation or GDP. Our results suggest that stock market stabilization plays a larger role in … inflation has been reduced significantly. The findings suggest that the introduction of inflation targeting in Canada was …

This paper presents a brief description of the operation of Brazil's Inflation Targeting regime, and an evaluation of … observed inflation values with the officially announced targets and estimating Taylor and McCallum rules. The regime exhibits … large and persistent deviations of the inflation rate with respect to the targets;the Taylor and McCallum rules indicate a …

Since its adoption of inflation targeting in 2000, the South African Reserve Bank has been accused of placing too great … an emphasis on meeting its inflation target, and too small an emphasis on the high rate of unemployment in the country …. On the other hand, the SARB has regularly missed its inflation target. We attempt to characterise the SARB's inflation …

This paper examines the inflation targeting experience in developing countries. Based on panel data of 53 developing … countries, of which 20 those have adopted inflation targeting policy by the end of 2007, the purpose is to show the effects of … inflation targeting on macroeconomic performance in these economies. We use the Great Moderation approach of Pétursson (2005) to …