provision of only a partial inflation-exclusion to assets for which it is feasible. The problem is examined in this paper by … means of a simple model of anticipated inflation, in which individuals may invest either in assets for which full or partial … inflation-exclusion is provided, or in cash, for which no loss offset is allowed. Among other issues, we shall examine the short …

solutions such as the conservative central banker and optimal inflation contracts. Our theoretical model also shows how an … inflation targeting range should be set and how it should respond to changes in the nature of shocks to the economy …

This paper argues that detailed studies of particular economies, such as Bob Gregory%u2019s work on Australia, are …

. Australia and California are two economies having the rare distinction of achieving 150 years of sustained high and rising … controls over immigration or capital movements, or trade policy. Australia did, and after 1900 pursued an increasingly …

mechanism and test the over-identifying restrictions for Australia, Canada, and New Zealand. For all three countries …

this episode. In particular, it focuses on the efforts by the Reserve Bank of Australia to draw attention to the risks …

This paper deals with the relationship between inflation targeting and exchange rates. I address three specific issues …: first, I analyze the effectiveness of nominal exchange rates as shock absorbers in countries with inflation targeting. This … volatility is different in countries with an inflation targeting regime than in countries with alternative monetary policy …

macroeconomic series (inflation, output, hours, interest rates, and wages), and which can be used to inform applied monetary policy …