We offer a novel methodology for assessing the quality of inflation reports. In contrast to the existing literature …, which mostly evaluates the formal quality of these reports, we evaluate their economic content by comparing inflation … coding of inflation reports to describe inflation factors communicated by central banks in real time. Regarding the latter …

dynamics of the economy, the design ofmonetary policy, and the properties of inflation at different levels of development. A … calibratedversion of the model encompasses both rich and poor countries and broadly replicates theproperties of inflation across the … nearcomplete)stabilization of sticky-price non-food inflation, despite the presence of a foodsubsistencethreshold. Subsistence …

This paper develops a new central bank transparency index for inflation-targeting central banks (CBT-IT index). It … applies the CBT-IT index to the Czech National Bank (CNB), one of the most transparent inflation-targeting central banks. The …-fledged inflation-forecast-targeting (IFT) regime. The components of CBT-IT index include measures of transparency about monetary policy …

In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize … is high. We develop an open economy model with incomplete financial markets to show that headline inflation targeting … headline inflation, assigns zero weight to import prices …

Many central banks in emerging and advanced economies have adopted an inflation-forecast targeting (IFT) approach to … monetary policy, in order to successfully establish a stable, low-inflation environment. To support policy making, each has …-fledged inflation targeting …

We study the inflation process in India, focusing on the periods before and after the adoption of flexible inflation … core inflation, an examination of the sensitivity of medium-term inflation expectations to inflation surprises, and the … properties of convergence between headline and core inflation. Results indicate an important role for domestic factors in driving …

supply chain disruptions for inflation and monetary policy in sub-Saharan Africa. Increases in supply chain pressures have … had a sizeable impact on headline, food, and tradable inflation for a panel of 29 sub-Saharan African countries from 2000 … to 2022. Our findings suggest that central banks can stabilize inflation and output more efficiently by monitoring global …

highly sensitive to inflation and output variations …