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

The recent debate over monetary policy strategies concludes that monetary targeting and inflation targeting in practice …

conventional wisdom, it is found that price-level targeting leads to a better trade-off between inflation and output …-gap variability than inflation targeting, when the central bank acts under discretion. In some cases, price-level targeting under … dircretion results in the same equilibrium as inflation targeting under commitment. …

The central bank's optimal reaction to foreign and domestic shocks is analyzed in an inflation targeting model allowing … that the interest rate response to foreign shocks is smaller when pass-through is low. Second, the inflation …

The use of explicit inflation targets has meant that monetary policy has become more transparent and also easier to … inflation. Our purpose is to separate the effects on the interest-rate instrument from (i) discretionary changes in the rule for …

In this paper key points in the development of the present Swedish inflation-targeting strategy are analysed. Since the … implementation of the inflation target strategy began in 1993, three different phases are distinguished: the establishment of the … inflation target, the communication of explicit inflation forecasts, and, finally, the introduction of distribution forecast …

In this paper we investigate the problem of selecting an optimal horizon for inflation targeting in the United Kingdom …