The paper extends previous analysis of closed-economy inflation targeting to a small open economy with forward … for monetary policy. The paper compares targeting of CPI and domestic inflation, strict and flexible inflation targeting …, and inflation-targeting reaction functions and the Talyor rule. The optimal monetary policy response to several different …

Previous analysis of the implementation of inflation targeting is extended to monetary policy responses to different … stabilization or smoothing all call for a more gradual adjustment of the conditional inflation forecast toward the inflation target …. The conditional inflation forecast is the natural intermediate target during inflation targeting. …

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 …