central bank, the Bank of Japan (BOJ), has influenced private sector expectations of inflation, and whether the degree of …-term inflation target to help anchor expectations. This paper aims to document how much the release of the forecasts of one major … influence depends to any degree on the adoption of an inflation target (IT). Consistent with earlier studies, we find the …

reaction function. The parameter estimates differ in two regards: the NEER responds to inflation in Singapore but not in Hong … variability of inflation has been lower in Singapore, but the volatility of real economic activity has been similar in the two … Singapore, using data for 1984-2004. We estimate an econometric model, comprising a Phillips curve, an IS curve and an equation …

nominal and real rigidities at low rates of inflation. The purpose of this paper is to analyse whether there are any grounds … changes in inflation with changes in standard measures of output and labour market slack. The empirical evidence shows that …, as the average rate of inflation for the 19 countries in our sample has fallen from 8% to 3½%, the average sacrifice …

of inflation. It investigates the rule followed by the People's Bank of China (PBoC) by considering both the structural …This paper aims to enhance the understanding of China's monetary policy rule since the mid-1990s, focusing on the role … economic transformation of China and its evolving monetary policy framework.Our newly constructed monthly composite discrete …