of this paper is on Brazil, which began inflation targeting in 1999, we also examine the experience of other countries …The purpose of this paper is to examine inflation targeting (IT) in emerging countries by concentrating essentially on … the case of Brazil. The IT monetary policy regime has been adopted by a significant number of countries. While the focus …

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 …

This paper argues that the pass-through in Brazil has fallen compared with estimates in other studies on earlier time … periods, and remains low. Whereas pass-through effects where high and close to 1 in the high-inflation period, they seem to … Industrialization (ISI) period of the 1950s and 1960s. Conventional results suggests that low and stable inflation environments lead to …

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 …