in financial markets or an upward shift in inflation risks …

words, substantial judgment will always be needed to achieve desirable outcomes on both the inflation and employment fronts …

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 examines what strategies policymakers have used to both reduce and control inflation. It first outlines why … a consensus has emerged that inflation needs to be controlled. Then it examines four basic strategies: exchange rate … pegging, monetary targeting, inflation targeting, and the just do it' strategy of preemptive monetary policy with no explicit …

demonstrate that although international capital movements and financial volatility can play a role in destabilizing the economy is …

against inflation attained by the region during the 1990s. We start by calling for a refocus of the debate about the conduct …, long-run strategies for monetary policy in Latin America: a hard exchange-rate peg, monetary targeting, and inflation …

-rate targeting, 2) monetary targeting, 3) inflation targeting, and 4) monetary policy with an implicit but not an explicit nominal …