This paper shows that announced credible disinflations under inflation targeting lead to a boom in a standard New …

combination of inflation targeting and monetary targeting. Well conceived monetary targeting with a commitment to a long-run money … growth rate corresponding to inflation target could reinforce the credibility of central bank announcements and the role of … inflation target as strong and credible nominal anchor for private inflation expectations. However, an inflation …

Inflation targeting was adopted by several countries, including Sweden, in the 1990s. We evaluate the Swedish inflation …, we find that the inflation targeting regime of 1995?2008 stands out as an exceptionally stable policy regime as judged by …, inflation targeting gained instant credibility in the sense that the labor market organizations entered long-term wage …

This paper uses a structurally estimated macroeconometric model, denoted the MC model, to evaluate inflation targeting … in the United States. Various interest rate rules are tried with differing weights on inflation and output, and various … optimal control problems are solved using differing weights on inflation and output targets. Price-level targeting is also …

flexible exchange rate regimes. Therefore, this paper determines what the alternative strategies inflation targeting, Taylor …

Conjectures about inflation expectations are inextricably linked to our understanding of the relationship between the … therefore examines the empirical properties of inflation expectations data constructed on the basis of both qualitative and … provides some insights into the nature of the interaction between monetary policy and inflation expectations. …

This paper assesses the prospects for the new Polish monetary policy strategy of inflation targeting. Regarding the … general requirements for implementing an inflation targeting strategy it appears that Poland has made sufficient progress in … role as a policy instrument, with the linkages between the short-term interest rate and inflation remaining unclear. Given …

The 'deforestation problem' in Brazil consists of a variety of interrelated issues, of which this paper identifies a … Brazil, it is shown that macroeconomic reform is complementary to conservation policies. Therefore, if not for other reasons …

long-run interest rates and inflation expectations into account. We find a strong connection between oil prices and long … strong relationship if inflation and oil prices were driven by monetary policy. The observed magnitude of this relationship …