effectiveness may moderate in graying societies. It then uses Bayesian estimation techniques for the U.S., Canada, Japan, U.K., and … Germany to confirm a weakening of monetary policy effectiveness over time with regards to unemployment and inflation. After … impact on the economy—given better anchored inflation expectations and inflation being less responsive to variation in …

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 …

particular inflation. The paper's major finding is that there indeed is a negative relationship between central bank financial … strength and inflation outcomes. This relationship appears to be robust to the choice of alternative country samples, control …

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

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 …

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 …