show that for a group of Latin American inflation targeters the prescriptions from typical monetary policy rules are … inflation from target, suggesting this information is not accounted for in real-time policy decisions …

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 …

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 …

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 …

significant differences in the propagation of external shocks between the LICs that target monetary aggregates or inflation …

rate greatly enhances the efficacy of inflation targeting. In a flexible exchange rate system, inflation targeting incurs a … inflation shocks may escalate into much larger increases in inflation ex post. Both problems disappear when the central bank …

We estimate the determinants of disagreement about future inflation in a large and diversesample of countries, focusing … followsthe adoption of inflation targeting is entirely due to increased central bank transparency.Since the benefits of increased … transparency are non-linear, the gains from inflation targetingadoption have accrued mainly to countries that started from a low …

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 …