a nominal GDP target, which automatically divides an adverse supply shock equally between impacts on inflation and real … supply, exchange rate,or inflation. But the proposal appears in the context of the largest advanced economies. In fact NGDP … output and inflation but a credible rule is needed in order to prevent an inflationary bias that arises under discretion. A …

that inflation targeting in emerging economies welfare-dominates exchange rate targeting. Originality/value – This lies in …

with negative supply shocks has kept inflation above the acceptable range of 5-5.5 percent for last five years in India. In … this paper we present a model for policy analysis for India that provides insights in the setting of an inflation targeting … growth and inflation in India. …

gradually adopted new monetary regimes with more or less emphasis on the exchange rate, inflation and growth targets. This study … analyses the economic background of the choice of monetary regime in these countries and their success in curbing inflation. A … (2008) - provides evidence of inflation targeting as being an effective policy to reduce inflation, however, reveals biased …