This paper contributes to a better understanding of how inflation targets are set. First, we gather evidence on how … inflation targets are set from official central bank and government publications and from a questionnaire of our own design …. Second, we estimate the determinants of the level of the inflation target in 19 inflation-targeting countries using …

This paper aims to contribute to a better understanding on how inflation targets are set. For this reason, we first … inflation targets are set; we then estimate the determinants of the level of inflation target in 19 inflation targeting … than as a point). Inflation targets are found to reflect macroeconomic fundamentals. Higher level as well as higher …

changes while after October 2000, when inflation targeting was of ficially adopted, monetary policy reacted only statistically … to changes in the inflation rate. The latter regime is consistent with the Taylor principle as shown analytically and …

publishing the inflation report, which is especially common in countries that accepted inflation targeting as their monetary …

In the paper we analyze the impact of Inflation Targeting (IT) in Mexico. The objective is to evaluate the impact of … the implementation of inflation targeting and full-fledged inflation targeting (FFIT) on the level and the variability of … the inflation and the output in the Mexican economy. We conclude that inflation rates had been reduced in Mexico before …

This paper presents a model that pictures how inflation is determined in a decentralized market process where prices … setters of sequential contracts. An important property of the model is that inflation thus can be explained without any … reference to the quantity of money.Following up the finding that inflation is determined in a coordination game, it is …

interest rates and inflation rates. It is argued that the traditional story deriving central bank power from its monopoly of … banks seem to influence interest and inflation rates. Here, we suggest that the explanation is that central banks have …

policy. The direct inflation targeting strategy used by the European Central Bank in applying its monetary policy has the … first criterion of implementation the expression of inflation target in terms of „headline inflation†(consumer price … consumer price index, this one ensuring the necessary transparency related to the effects of inflation phenomenon. A strong …

Emerging economies with inflation targets (IT) face a dilemma between fulfilling the theoretical conditions of “strict …