Transparency is a central element in most aspects of the design and operation of inflation targeting regimes. This … paper focuses on three elements of inflation targeting most closely associated with transparency: (i) the institutional … arrangements supporting inflation targeting' (ii) the specification of the inflation target' and (iii) the central bankamp …

Africa over the past two decades, which coincides with the adoption of the inflation-targeting regime. The paper conjectures … first documents the factors that explain monetary policy credibility. Using the standard deviation of individual inflation … inflation itself, monetary policy uncertainty, and a measure of the unobserved stochastic volatility of inflation. The second …

inflation in the context of a managed exchange rate regime. Over the past two years, the central bank has taken steps to enhance …

India formally adopted flexible inflation targeting (FIT) in June 2016 to place price stability, defined in terms of a … target CPI inflation, as the primary objective of monetary policy. In this context, the paper draws on Indian macroeconomic …

Inflation targeting (IT) serves as monetary policy framework in several advanced economies, where it has enhanced … instruments to inflation. These prerequisites are largely absent among developing countries, though several of them could with … some further institutional changes and an overriding commitment to low inflation make use of an IT framework …

of increasing inflation; and the “golden years,” when central banks succeeded in preserving price stability in an …

Does the South African rand's relatively large volatility affect inflation? To shed some light on this question, a … standard estimation technique of exchange rate pass-through to inflation is extended to incorporate exchange rate volatility …. Estimated results suggest that higher exchange rate volatility tends to increase core inflation but to a relatively limited …