optimal monetary policy. It shows that the domestic price index inflation targeting rule is not optimal in the small open … and inflation gap is better than the interest rate rule disregarding the exchange rate gap in terms of the welfare cost …

the “price puzzle”, concluding that the estimated response of inflation is positive to the contractionary monetary policy …

(ii) is redistributive in favor of the (borrowing-constrained) poor, by targeting an inflation measure that overweighs the …

responses to monetary policy shocks is larger in countries with a monetary policy framework closer to inflation-targeting, a … closer to inflation-targeting and more rapid population aging. Furthermore, the results from the small open economy DSGE …

of our financial and economic systems. This study examines the applicability of the Integrated Inflation Targeting (IIT … inflation and growth in its policy decisions, with some responsiveness to the increase in household debt. However, the … inflation, growth, and being mindful of household credit conditions is superior. It suggests that the policy of actively …

inflation and exchange rates maintain stability while its economy is experiencing difficulties due to the international …-of-value purposes is decreasing while the amount of foreign currency holdings for transaction purposes is intact, inflation and exchange … purposes begins to fall, exchange rates show some increase and inflation decreases. In the final stages, where the amount of …