We utilize a stochastic volatility model to analyse the possible effects of inflation targeting on the trade …-off between output gap variability and inflation variability. We find that the adoption of inflation targets (in New Zealand …, Switzerland, Germany, France and the Netherlands). We focus on two possible explanations for the performance of the inflation …

January 1993 to December 2020 for five inflation-targeting countries (the UK, Canada, Australia, New Zealand and Sweden) and … speed is twice as fast when deviations are small and the credibility of the central bank is higher. Third, inflation …

This paper provides evidence on the degree of persistence of one of the key components of the CAPM, namely the market …