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. …

This paper provides some practical advice on establishing initial conditions in support of an inflation …-targeting monetary framework. These conditions are divided into four areas: a mandate in support of an inflation objective and …

This paper addresses the question of why inflation has not yet converged to price stability in Central America and the … that all central banks raise interest rates to curtail inflation but only some of them increase it sufficiently to … effectively tackle inflation pressures. It also shows that some central banks care simultaneously about exchange rate stability …

-fledged inflation targeting, (vi) implicit price stability anchor, and (vii) inflation targeting lite. This taxonomy captures the … financial and economic development and recent inflation history. …

Inflation targeting (IT) is a relatively new monetary policy framework for low-income countries (LICs). The limited … this gap. It finds that inflation targeting appears to be associated with lower inflation and inflation volatility. At the …, where building credibility of monetary policy is difficult and minimizing output costs of reducing inflation is imperative …

frameworks and some have implemented or are moving towards inflation targeting (IT) regimes. Strengthening the monetary policy …

inflation combined with a free float seems to be the ultimate option. The paper shows how to design and operationalize such a …

low long-run inflation objective, operational independence for the People's Bank of China (PBC) with formal strategic … interest rate fluctuations). We argue that anchoring monetary policy with an explicit inflation objective would be the most … reliable way for the PBC to tie down inflation expectations, and thereby enable monetary policy to make the best contribution …