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 …

inflation, both as an objective and as an intermediate instrument. We want to show that other variables like employment can be … that they can be function of employment only, which then dominates inflation for use in the policy rule. …

should respond more than one for one to inflation. This model yields explicit solutions for the optimal rule. We find that … underlying shocks, or which measure of inflation is used. In general the optimal elasticity of the interest rate with respect to … inflation needs not be greater than one. …

In the late 90's, after severe financial and economic crisis, accompanied by inflation and exchange rate instability …, Eastern Europe emerged into two groups of countries with radically contrasting monetary regimes (Currency Boards and Inflation … relationship between inflation, output growth, nominal and real uncertainties from 2000 till now. In other words, we test the …

This paper addresses recent developments in monetary policy theory in the context of a binding Zero Lower Bound and … a higher inflation target and correspondingly higher interest rates would offer larger wiggle room for Central Banks to …-Keynesian DSGE framework and including positive steady state inflation, we investigate if having a higher permanent inflation target …

This paper examines the presence of nonlinear mechanism in the exchange rate pass-through (ERPT) to CPI inflation for … inflation in the EA context. …

; (iii) the frequencies of price increases and decreases contribute a lot to inflation variations, and price increases are … more frequent in January even when sales are excluded; (iv) sales contribute significantly to the volatility of inflation …

Cet article propose une évaluation de la relation entre l'incertitude émanant de la volatilité de l'inflation et la … croissance économique des pays de l'UEMOA. Il s'interroge également sur les répercussions des chocs d'inflation sur l … différentes caractéristiques des chocs d'inflation dans l'union, et d'autre part, les liens entre l'inflation incertaine et la …