This paper empirically analyzes whether and to what extent the adoption of inflation targeting (IT) in Korea, Indonesia …

and an inflation targeting monetary authority, and analyzes the growth dynamics that emerges from this framework. Besides …

and an inflation targeting monetary authority, and analyzes the growth dynamics that emerges from this framework. Besides …

interest rates are associated with significantly lower interest volatility, a lower average rate of inflation, which will be …

Since 1991, inflation in Colombia was reduced from 25% on average to about 6% more recently. Although this performance … is in line with a long run inflation target of 3%, some analysts ask whether the Central Bank should continue … disinflating. In this paper we present a dynamic stochastic general equilibrium model of inflation targeting for a small open …

interpreted, first and foremost, as a commitment device. In our setting, a monetary target helps anchoring inflation and inflation … well as a strong response to deviations of inflation from target and to the activity growth gap. In contrast, the response …

Over the last few decades several countries have turned to inflation targeting as a policy choice for instilling … stability into their economies. Prior studies have shown that inflation targeting has reduced inflation in those countries … changes in inflation following a switch to the inflation targeting policy. Moreover, although the impact of inflation …