-side flexibility are indeed the main channel through which monetary policy lowers the volatility of inflation and, even more …

This paper proposes a new method of estimating the Taylor rule with a time-varying implicit inflation target and a time …-varying natural rate of interest. The inflation target and the natural rate are modeled as random walks and are estimated using …

We analyse optimal monetary and fiscal policy in a New-Keynesian model with public debt and inflation persistence … striking result is not true with high degrees of inflation persistence. Secondly, we show that optimal fiscal policy is more … active under discretion than commitment at all degrees of inflation persistence and all levels of debt. …

of inflation targeting (IT) affects spreads. It is hypothesized that country risk premia for IT countries (especially … stable long-term inflation. The findings suggest that IT reduces the risk premium, both through adoption of the IT regime …, and through the observed track record in stabilizing inflation. …

-fledged inflation targeting regimes in place or have recently adopted them, using an array of methodologies commonly used in the … that the interest rate gap can be a good predictor of future inflation dynamics and economic growth. In addition, looking …

inflation than output growth. Our estimated dynamic policy coefficients characterize the style of policy as a "bang …

This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …-significant inflation-growth threshold effects in the case of states with persistently-elevated inflation rates of above 5.5 percent. This …