crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as …

responds to inflation and output volatility, especially during economic crises. This framework offers a promising alternative …

. inflation anchoring properties. This layout is then confronted with the policy framework in use in the euro area prior to the … dis-anchoring of long-term inflation expectations experienced in the euro area since 2013, however, suggests that the … policy framework could benefit from a rebalancing towards a formulation with stronger anchoring properties. The inflation aim …

indicator for future inflation, therefore being only instrumental (to stabilize inflation) rather than important per se. …

Inflation targeting has been adopted in a set of emerging economies, including eight countries in Latin America. The … take appropriate actions if the target is breached. This paper exploits a database of inflation expectations and attempts … to measure whether, for a set of inflation targeters in Latin America, expectations are well anchored. A tighter …

The establishment of the inflation targeting regime in Paraguay is relatively recent, however, the results have been … only reduce inflation levels, but also align inflation expectations along the medium-term inflation target. Previously the … inflation targeting regime has provided relevant information to economic agents on the monetary policy objectives, which has …

thought experiment, we find that Chile, an established inflation-targeting economy using an IRR, would be better off under an …