This paper focuses on modeling and forecasting inflation in India using an augmented Phillips curve framework. Both … demand and supply factors are seen as drivers of inflation. Demand conditions are found to have a stronger impact on non …-food manufactured products (NFMP) inflation vis-a-vis headline wholesale price inflation; moreover, NFMP inflation is found to be more …

confirmed at company level, whether it is robust to controlling for inflation expectations and whether it is concentrated among …

quarters of their tenure in an effort to establish a reputation for being inflation averse. Second, we find a significantly … 1974–2008. We find, first, that newly appointed governors fight inflation more aggressively during the first four to eight … stronger reaction to inflation by newly appointed governors working within monetary policy frameworks comprised of an at least …

The paper shows the advantages and handicaps of implementing an inflation target (IT) regime, from a Post-Keynesian and …

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 …

inflation and the difficulties of East European central banks in pursuing non-inflationary policies. The main obstacles are the …

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 …

This paper proposes a new econometric framework for estimating trend inflation and the slope of the Phillips curve with … a regime-switching model. As a unique aspect of our approach, we assume regimes for the trend inflation at one …-percent intervals, and estimate the probability of the trend inflation being in each regime. The trend inflation described in the …

African countries wishing to adopt an inflation-targeting regime. I choose Nigeria as a case of study because it is in the … evidence that central banks can control the inflation rate through a Phillips curve, a Taylor rule that includes the exchange …. The same evidence suggests that it is important to implement a credible inflation-targeting regime to reduce inflation …

implication that small mistakes of the policy-maker have only small consequences for his reputation. Finally, we show that our … equilibrium concept can provide an alternative explanation for the high degree of inflation persistence found in the data. …