operational independence in May 1997. It also checks if this credibility measure has increased the predictability of BoE decisions … influence more English interest rate volatility after May 1997. This results suggests that the credibility and/or transparency … of BoE might have decreased after 1997. However, the closer evolution of the realized inflation around the target fixed …

-prices model. Under full credibility, a reduction in the rate of devaluation results in an immediate and permanent reduction in the … inflation rate, with no effect on output or consumption. In contrast, a non-credible stabilization results in an initial … expansion of output, followed by a later recession. The inflation rate of home goods remains above the rate of devaluation …

This paper attempts to investigate the linkage between the excess money supply growth and inflation in Pakistan and to … test the validity of the monetarist stance that inflation is a monetary phenomenon. The results from the correlation … analysis indicate that there is a positive association between money growth and inflation. The money supply growth at first …

, centres on an increase in the credibility of the monetary regime. Substantial identification problems plague the empirical … confirmed at company level, whether it is robust to controlling for inflation expectations and whether it is concentrated among …

financial dynamics in inflation-chaotic African countries for the period 1987-2010. Design/methodology/approach – VARs within … significantly adjust inflation to the cointegration relations. With respect to the second-half (short-run view) of the hypothesis … business cycles, credit expansions and inflationary tendencies, inflation targeting and monetary policy independence …

management of short-run inflation. (2) The CEMAC region is more inclined to non-traditional policy regimes while the UEMOA zone …

formulated at the beginning, one also notes that inflation has a negative effect on the economic growth. These results emphasize …

neighborhood and unobserved heterogeneity of countries of the region to analyze the effects of Policy mix on inflation, the output … mechanism of propagation of shocks affecting the level of inflation and a mecanisme for output stabilization. …

opinions that the inflation target chosen at 2% by ECB for the Eurozone is too low, thereby making the whole MPS excessively … restrictive. I conclude observing that the “core” inflation-target of 2% is in fact at the very basis of the ECB non …, since the inflation target wasn’t in any jeopardy, the European Central Bank didn’t do anything. Maintaining the goal of …