This paper identifies shocks to the Federal Reserve's inflation target as VAR innovations that make the largest … contribution to future movements in long-horizon inflation expectations. The effectiveness of this scheme is documented via Monte …-Carlo experiments. The estimated impulse responses indicate that a positive shock to the target is associated with a large increase in …

have been evaluated. Our findings show that monetary tightening, causes a fall in output, inflation rate, employment, bank …

of past experience and international best practices. It confirms that food inflation has been the driver of domestic … inflation. The paper studies the recommendations of the Urjit Patel Committee and comments that monetary policies predominantly … focussed on inflation targeting may not necessarily be effective in India where inflation and inflationary expectations …

policymaking. On the other hand, traditional core inflation measures may reduce volatility but do not address other issues and may … even exclude important information. This paper develops a new underlying inflation gauge (UIG) for China which … differentiates between trend and noise, is available daily and uses a broad set of variables that potentially influence inflation …