Adequate modeling of the seasonal structure of consumer prices is essential for inflation forecasting. This paper … suggests a new econometric approach for jointly determining inflation forecasts and monetary policy stances, particularly where … money growth and implied exchange rate paths along with a jointly determined inflation forecast. The approach uses two broad …

the reaction of 18 large emerging markets to an external shock, conditioning on their degree of inflation expectations … anchoring, countries with weakly anchored inflation expectations experienced larger exchange rate pass-through to consumer … prices, hence comparatively higher inflation. We conclude that efforts to improve the extent of anchoring of inflation …

Anchoring of inflation expectations is of paramount importance for central banks' ability to deliver stable inflation … and minimize price dispersion. Relying on daily interest rates and inflation forecasts from major financial institutions … the dispersion of inflation expectations, a proxy for the extent of anchoring, which is based on the same analysts …

, inflation reacts by less and returns quickly to its pre-shock level when expectations are strongly anchored …Understanding the sources of inflation persistence is crucial for monetary policy. This paper provides an empirical … assessment of the influence of inflation expectations' anchoring on the persistence of inflation. We construct a novel index of …

This study examines the macroeconomic determinants of survey inflation expectations in Brazil since the adoption of … inflation targeting in 1999. The results suggest that the inflation targeting framework has helped anchor expectations, with the … dispersion of inflation expectations declining considerably, particularly during periods of high uncertainty. We also find that …

credibility. In our setting, central bank credibility is proportional to the deviation of inflation expectations from the … announced inflation target, with positive deviations being more costly compared to negative ones. A loss in policy credibility … as a result of shocks leads to a more persistent, backward-looking inflation process, and is associated with lower output …

In this paper, we argue that inflation targeting could be the future of Tunisia's monetary policy. Monetary targeting … reserves, current account deficit, and inflation differentials with main trading partners. The Central Bank of Tunisia has … already made important progress toward inflation targeting. The paper evidences the existence of increasingly effective …

This paper estimates a small open economy model for Egypt to analyze inflation, output dynamics and monetary policy … markets and a gradual move towards inflation targeting can help support a successful disinflation strategy for Egypt …