frameworks and some have implemented or are moving towards inflation targeting (IT) regimes. Strengthening the monetary policy …

inflation. Economies that exhibit oil dominance-a situation in which oil exports largely affect the main macroeconomic …

adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union … credibility, and that a positive inflation target, as opposed to zero inflation, leads to higher and less volatile output. These … countries supports country-specific flexible inflation targeting. …

for a gradual transition to full-fledged inflation targeting (FFIT) in both countries in the medium term. The implications …

, therefore, whether monetary policy is a less potent a device in affecting output and inflation in countries that have low levels … data suggests that the effectiveness of changes in policy interest rates in influencing the path of inflation appear to be …

exchange rate regimes and in countries with a higher income. A low inflation environment, a prudent monetary policy, and a …

, and current account liberalization; and (ii) inflation and various determinants, including lagged inflation, the nominal … and the real exchange rate are significant determinants but not the exchange regime or liberalization; and for inflation …, the lagged inflation rate, nominal exchange rate, and the de facto regime are significant. Exchange rate pass-through is …

The introduction of inflation targeting in 2006, together with important economic developments such as dedollarization … the time inflation targeting was introduced and reduced levels of dollarization were observed. Results from introducing a …