''s intention to shift to inflation targeting. It first describes the changing transmission channels over the last decade. Second … inflation targeting over the medium term …

This paper outlines important lessons for monetary policy. In particular, the role of inflation targeting, which was … financial stability. Finally, this paper makes a case against increasing the central banks’ inflation target …

targets for inflation. Using the recent experience of Colombia between 2004 and 2007, this paper examines the effectiveness of … the Central Bank''s intervention in stemming domestic currency appreciation under an inflation targeting regime. The … slowing down domestic currency appreciation, as large-scale intervention became incompatible with meeting the inflation target …

facing the Czech Republic. In the context of the recent rising inflation pressures, we analyze how the authorities'' fiscal … reform package and the planned reduction in the inflation target in 2010 would weigh on the conduct of monetary policy …

The shift to inflation targeting has contributed to the relatively low inflation observed in some emerging market … impact on real and financial sectors, it does not preclude the use of inflation targeting as a policy regime …

This paper appraises how countries with inflation targeting fared during the current crisis, with the goal of …

the objective of price stability. Thus, when the 2007 - 08 supply shock and the financial crisis hit the world, the LA5 …

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 …

The Gambia is to become an inflation targeter lite …