The paper discusses the choice between inflation targeting and monetary targeting as a strategy for the Eurosystem, the …

The purpose of the paper is to survey and discuss inflation targeting in the context of monetary policy rules. The … paper provides a general discussion of monetary policy rules, attempts to clarify the essential characteristics of inflation … targeting, compares inflation targeting to other monetary policy rules,and draws some conclusions for the monetary policy of the …

Inflation targeting is shown to imply inflation forecast targeting : the central bank's inflation forecast becomes an … intermediate target. Inflation forecast targeting simplifies both implementaing and monitoring of monetary policy. …

Using a small empirical model of inflation, output, and money estimated on U.S. data, we compare the relative … performance of monetary targeting and inflation targeting. The results show that monetary targeting would be quite inefficient …, with both higher inflation and output variability. This is true even with a deterministic money demand formulation. In this …

. Starting from the issues and concepts familiar from research and policy experience in the 1990s of inflation targeting -as …

Price level targeting (without base drift) and inflation targeting (with base drift) are compared under commitment and …

Eurosystem. The P* model implies that inflation is determined by the level of and changes in the "real money gap" (the deviation … inficator for future inflation. Nevertheless, the P* model does not seem to provide any rationale for either a Bundesbank …