reducing inflation from three-digit annual rates in the 1990s to single-digit territory in 2004. The paper also discusses the …

Inflation-forecast targeting is state of the art for monetary policy. This book explores first principles, including …Part I. The frontiers of monetary policymaking. 1. An overview of inflation-forecast targeting -- Part II. Principles … and practices of inflation-forecast targeting. 2. First principles -- 3. Managing expectations -- 4. Nuts and bolts of a …

The paper presents a DGE model designed as a core projection tool to support monetary policy in inflation-targeting (IT …

This paper presents a model for Inflation Targeting under imperfect policy credibility. It modifies the conventional … time; non-linearities in the inflation equation and in the credibility generating process; and an explicit loss function …. The model highlights problems associated with the practice of setting a series of rigid near-term inflation targets. Also …

Inflation distorts prices, erodes savings, discourages investment,stimulates capital flight, inhibits growth, and makes …-old problem of controlling inflation throughmonetary policy known as ""inflation targeting."" This pamphlet explainsthe …

analyze the inflation outlook and monetary policy challenges. The Bank of Indonesia (BI) introduced its Inflation Targeting … Framework in July 2005 with the goal to reduce inflation in the medium term to 3 percent. BI’s official mandate is stability … of the rupiah, both internal and external, and BI views the inflation targeting regime with a floating exchange rate as …