The paper shows the advantages and handicaps of implementing an inflation target (IT) regime, from a Post-Keynesian and …

This paper contributes to the vast literature on the predictive power of term structure about future inflation, by … important determinant of the relationship between term structure and inflation to the extent that even the existence of the … with the beginning of the implementation of an inflation targeting (IT) regime. While, before IT regime, the information in …

With the numerous monetary policy reforms undertaken during the 1990s, inflation targeting emerged as one of the … proven by the recent literature. Empirically, the purpose of this study is to assess the impact of inflation targeting on … inflation and output based on a panel of 30 OECD countries over the period 1980_2012, using the “differences-in- differences …

This paper presents a brief description of the operation of Brazil's Inflation Targeting regime, and an evaluation of … observed inflation values with the officially announced targets and estimating Taylor and McCallum rules. The regime exhibits … large and persistent deviations of the inflation rate with respect to the targets;the Taylor and McCallum rules indicate a …

Since its adoption of inflation targeting in 2000, the South African Reserve Bank has been accused of placing too great … an emphasis on meeting its inflation target, and too small an emphasis on the high rate of unemployment in the country …. On the other hand, the SARB has regularly missed its inflation target. We attempt to characterise the SARB's inflation …

This article focuses on inflation targeting (hereafter IT) as a superior monetary policy strategy for attaining price … inflation targeting and also examines the IT experiences of some industrial and emerging markets. The growing body of empirical …

This paper examines the inflation targeting experience in developing countries. Based on panel data of 53 developing … countries, of which 20 those have adopted inflation targeting policy by the end of 2007, the purpose is to show the effects of … inflation targeting on macroeconomic performance in these economies. We use the Great Moderation approach of Pétursson (2005) to …