The degree to which domestic prices adjust to exchange rate movements is key to understanding inflation dynamics, and … hence to guiding monetary policy. However, the exchange rate pass-through to inflation varies considerably across countries … countries that combine flexible exchange rate regimes and credible inflation targets. Finally, the empirical results suggest …

This paper provides an assessment of India's inflation-targeting regime. It shows that the Reserve Bank of India is … best characterized as a flexible inflation targeter: contrary to criticism, it does not neglect changes in the output gap … transition to inflation-targeting; to the contrary, adjusting for inflation and the output gap, policy rates became lower, not …

strong dependence, respectively. The factor exhibits a robust negative correlation with market measures of aggregate risk …

The co-dependence between assets tends to increase when the market declines. This paper develops a correlation measure … focusing on market declines using the expected shortfall (ES), referred to as the ES-implied correlation, to improve the … existing value at risk (VaR)-implied correlation. Simulations which define period-by-period true correlations show that the ES …

measures such as intergenerational regression coefficient and intergenerational correlation. However, most of the available … coefficient and intergenerational correlation. This paper provides evidence on this in the context of intergenerational schooling … average bias in rank correlation is less than half of that in intergenerational regression coefficient, and comparable to that …

"This paper examines the effects of inflation targeting on industrial and emerging economies' output growth over the … systematic positive and significant effects of inflation targeting on real output growth. In dynamic models, the findings show … strong output persistence in industrial economies, in which partial and full inflation targeting regimes have a positive long …