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resilient to external shocks. Enhancing the credibility of the inflation target would provide the monetary authorities with more …. Améliorer la crédibilité de l’objectif d’inflation donnerait aux autorités monétaires plus de latitude pour réagir aux chocs …
Persistent link: https://www.econbiz.de/10008854030
publishing the inflation report, which is especially common in countries that accepted inflation targeting as their monetary …
Persistent link: https://www.econbiz.de/10010687468
implication for economic policy has been the implementation of inflation targeting (IT). This paper critically raises a number of …
Persistent link: https://www.econbiz.de/10010849645
We examine the behaviour of national and provincial inflation in Canada under inflation targeting to determine the … extent to which the inflation targeting regime adopted by the Bank of Canada in the 1990s has anchored inflation expectations …. Inflation expectations are well anchored when there are no predictable departures of inflation from target at sufficiently …
Persistent link: https://www.econbiz.de/10010717746
reduce inflation and limit the real appreciation of the rouble. Given the strength of Russia’s balance of payments during the … interventions which were only partially sterilised. As a result, inflation remained persistently high. During the global financial … greater exchange rate flexibility should be permitted since (i) commodity exporting countries can successfully run inflation …
Persistent link: https://www.econbiz.de/10008498033
The paper shows the advantages and handicaps of implementing an inflation target (IT) regime, from a Post-Keynesian and …
Persistent link: https://www.econbiz.de/10005014711
aggregate or an index of inflation (either alone or in combination with some measure of the output gap). Because there is a …
Persistent link: https://www.econbiz.de/10005479271
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 …
Persistent link: https://www.econbiz.de/10009322933
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 …
Persistent link: https://www.econbiz.de/10008752383
(fixed, intermediate, and flexible without inflation targeting) and inflation targeting on inflation rates in emerging and … developing countries. An inflation-targeting regime does better than or at least as good work as a fixed regime in lowering … inflation rates when compared with intermediate or flexible regimes. We do not observe a clear difference in inflation rates …
Persistent link: https://www.econbiz.de/10011048457