, Uganda (both de jure money targeters), and Ghana (a de jure inflation targeter), and compare the de facto adherence to …

This paper studies the role of central bank communication of its economic assessment in shaping inflation dynamics … agents' understanding of policy reasoning, could bring about less volatile inflation and interest rate dynamics, and afford …

for establishing the other building blocks of an inflation targeting framework. It argues that strengthening the … effectiveness of the current monetary policy framework will facilitate the adoption of inflation targeting over time. …

This is the second chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation …-Targeting Regimes: Saying What You Do and Doing What You Say." We begin by discussing the costs of inflation, including their role in … monetary anchor, the inflation-targeting regime, and its two key intellectual roots-the absence of long-run trade-offs and the …

The paper estimates two time-varying parameter models of Chilean inflation: a Phillips curve model and a small open …; forecasts that include the pre-announced inflation target as a regressor are relatively better; the Phillips curve model …

-looking specifications, especially when targeting core components of GDP and inflation, and combine the best parts of efficiency and …

inflation forecast targeting regime in Sri Lanka. The FPAS model provides a relatively good forecast for inflation and a … framework to evaluate policy trade-offs. The model simulations suggest that an open-economy inflation targeting rule can reduce … could aim to target a broad inflation range initially due to its susceptibility supply-side shocks while enhancing exchange …