Based on panel data of 58 countries, of which 22 Inflation Targeters and 36 non Inflation Targeters, over the period … 1980-2003, this paper highlights the effect of Inflation Targeting – IT- on Fiscal Discipline –FD-. We make four …

/implicit inflation targeting and flexible exchange rate regimes. The paper identifies different subperiods concerning crucial monetary …-through, significant indirect and direct influence to the exchange rate as potential obstacles for successful inflation targeting in the …

central banks' monetary policy must be credible if the authorities want to curb inflation. A second view is that central banks … set their monetary policy by using all the information relevant for inflation and output projections. In Europe, a … controversy has emerged about the role of monetary aggregates as useful indicators of future inflation and output. On one hand …

Are emerging economies implementing inflation targeting (IT) with a perfectly flexible exchange-rate arrangement, as … applying this method to 19 inflation-targeting emerging economies, I find that the probability of those countries having a … those of pegged currencies) is 20%. The results also provide evidence of two different monetary regimes under inflation …