the likelihood that they adopt inflation targeting as their monetary policy strategy. We estimate a panel binary response … as the structure and development of its financial system have a significant impact on the likelihood to adopt inflation … targeting. However, the determinants of inflation targeting differ between OECD and non-OECD countries. …

monetary and inflation targeting. Similation results show that the 'costs' in terms of inflation and economic growth volatility … are by and large lowest in case of inflation targeting. Some attention is finally drawn to asymmetric shocks. …

We study inflation targeting under uncertainty. Although uncertainty in the values of structural parameters makes the … whether there exists a policy rule that improves welfare and discover that having a state contingent inflation target is more …

The benefits of inflation targeting by comparison to alternative regimesare understood to be in terms of providing …

monetary and inflation targeting. Similation results show that the 'costs' in terms of inflation and economic growth volatility … are by and large lowest in case of inflation targeting. Some attention is finally drawn to asymmetric shocks. …

We study the implications of uncertainty for inflation targeting in a dynamic set-up. Using Svensson's inflation … looking set-up where there is no role for expectations in the determination of inflation equilibrium. On the other hand, we …

What are the implications of targeting different measures of inflation? We extend a basic theoretical framework of … optimal monetary policy under inflation targeting to include several components of CPI inflation, and analyze the implications … of using different measures of inflation as target variable--core inflation, CPI excluding interest rates, and headline …

In this study we build two forecasting models to predict inflation for the Netherlands and for the euro area. Inflation … hourly wage rate and the import prices. The model for the Netherlands is used to generate Dutch inflation forecasts over an … horizon of 11-15 months ahead for the Narrow Inflation Projection Exercise (NIPE). NIPE-forecasts have been generated …

This paper examines whether the clarity of central bank communication about inflation has changed with the economic … environment. We use readability statistics and content analysis to study the clarity of communication on the inflation outlook by … explaining their policies when faced with higher uncertainty or a less favorable inflation outlook. The global financial crisis …

of inflation risks. The empirical application shows that trading off monetary and macroprudential policy reduces the … overall costs related to inflation and financial instability. This can be achieved by changing the preferences of the central … bank, lengthening the monetary policy horizon and by a more flexible inflation target. Estimation results of a probit model …