employs bivariate cointegration methodology to examine the long-term relationship between inflation index and the different …

of Japan, the Tiger states and China with their respective strategies of industrial policy and export-led growth. Is …Using a strategy of export-led growth and an activist industrial policy, Japan, the Asian Tigers and more recently … China have attained high rates of economic growth. Export-led growth has taken over the status as model for developing …

This article focuses on inflation targeting (hereafter IT) as a superior monetary policy strategy for attaining price … inflation targeting and also examines the IT experiences of some industrial and emerging markets. The growing body of empirical …

As an innovator in the financial system, China was the first to use paper currency. Eventually the form of currency was … held responsible for devastating inflation and was abandoned during the Ming Dynasty. Going forward in time, uprisings and … discontent have emphasized the importance of controlling inflation. The central bank is pivotal in issuing monetary policy to …

determine the current inflation rate or price level. We conclude that the previous literature has either committed mathematical … involving infinity, we analyze inflation targeting (IT) in a typical rational-expectations, pure-exchange, general …

For Romania, the shift from monetary targeting toward inflation targeting was done under the influences of following … monetization. - A precondition of potential success in the case of inflation targeting was fulfilled - the improvement of taxes …

This paper appraises how countries with inflation targeting fared during the current crisis, with the goal of … rates; were less likely to face deflation scares; and saw sharp real depreciations not associated with a greater perception …

Proponents of inflation targeting suggest that countries using this tool understand better, their responsibility for … inflation. Fed Chair Ben Bernanke is a strong proponent of inflation targeting, conducting monetary policy to achieve an … announced target. This article discusses whether inflation targeting is necessary. …