The role of the exchange rate under inflation targeting (IT) remains an unresolved issue in literature and policy … whether there is a relation between the nominal exchange rate regime and inflation performance in IT countries. We use a panel … regime that differs from a pure float entails higher or lower inflation. We use two de facto foreign exchange regime …

This paper develops a set of leading indicators of industrial production growth and consumer price inflation for the … inflation. Our findings provide evidence on the factors determining real activity and inflation in a period of disinflation and …

inflation as one component of future real wages. This paper scrutinizes whether countries in CEE that officially announce an … inflation target are tempted to act time-inconsistently and switch from the announced inflation target to an exchange rate … target in order to sustain higher output via surprise inflation. If market participants discover the time-inconsistency, they …

In this paper I evaluate inflation targeting for ten countries. The evaluation is based on unconditional as well as … conditional measures of the variance of inflation around target. With strict inflation targeting, expectations of the future … Price Index (CPI) when calculating the inflation rate, I find that the null hypothesis can be rejected for six of ten …

Since the 2001 recession, average core inflation has been below the Federal Reserve's 2% target. This deflationary bias … corrects the bias and brings inflation back on target. Adopting this asymmetric rule improves welfare and reduces the risk of …

programming problem implies that the monetary authority’s inflation target evolves as its estimated Phillips curve moves. The … authors’ estimates attribute the rise and fall of post-World War II inflation in the United States to an intricate interaction … and made it misperceive the tradeoff between inflation and unemployment. That misperception caused a sharp rise in …

Several countries around the world have adopted the inflation targeting regime for monetary policy. Despite the growing … adopting inflation targeting. This working paper examines the extent to which macroeconomic policies anchored to inflation … targeting affect unemployment, economic growth and the output gap. The results show that inflation targeting causes no harm to …

The purpose of this paper is to examine inflation targeting (IT) in emerging countries by concentrating essentially on … of this paper is on Brazil, which began inflation targeting in 1999, we also examine the experience of other countries … in the fight against inflation. …