inflation, importantly including a higher cost of a crisis when the economy is weaker. For existing empirical estimates, costs …

sub-Saharan African countries on the relative importance of fiscal and monetary determinants of inflation. Based on the … dynamic response of inflation to different shocks, including nominal public debt, results show that a number of SSA countries …

This paper provides an overview of inflation targeting frameworks and macroeconomic performance under inflation … targeting. Inflation targeting frameworks are generally quite similar across countries, and a broad consensus has developed in … favor of ""flexible"" inflation targeting. The evidence shows that, although inflation target ranges are missed frequently …

This is the fourth chapter of a forthcoming monograph entitled ""On Implementing Full-Fledged Inflation- Targeting … accountability in an inflation-targeting regime. It first looks at the factors behind the move to increased transparency in recent …

outcomes and fragility and find the combination of reduction of inflation and lower unemployment to be the one that delivers …, results from our analysis broadly confirm the above "winning" combination, with low inflation as a primary desired outcome and …