discussed how quickly a central bank should reduce inflation to its desired level following an inflationary episode. He argued … that a central bank is unlikely to wish to move immediately to price stability, since there are costs to disinflation and … agents have to learn about the central bank's commitment to price stability, also mean that a central bank may wish to react …

target inflation would undermine the rationale for central bank independence and constitute an additional movement away from …

Central banks analyze a wide range of data to obtain better measures of underlying inflationary pressures. Factor …

The primary objective of most of the world's central banks these days is to keep inflation low, and the range of …

Inflation targeting has been adopted by many central banks, but not by the U.S. Federal Reserve. Using an estimated New …