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 …

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

In this paper, we estimate trend inflation in Sweden using an unobserved components stochastic volatility model. Using … data from 1995Q4 to 2021Q4 and Bayesian estimation methods, we find that trend inflation has been well-anchored during the … period - although in general at a level below the inflation target - and it does not appear to have been affected much by the …

Central banks are viewed as having a demonstrated ability to lower long-run inflation. Since the financial crisis … an explanation for why this may be the case. Because central banks have limited instruments, long-run inflation is … ultimately determined by fiscal policy. Central bank control of long-run inflation therefore ultimately hinges on its ability to …