One of the pioneers of inflation targeting (IT), the Bank of Canada is now considering a possibility of switching to … price-level-path targeting (PLPT), where past deviations of inflation from the target would have to be offset in the future … has strayed little from the path implied by the two percent inflation target since its introduction in December 1994, and …

A model in which monetary policy pursues full-fledged inflation targeting adapts well to Ghana. Model features include …: endogenous policy credibility; non-linearities in the inflation process; and a policy loss function that aims to minimize the … variability of output and the interest rate, as well as deviations of inflation from the long-term low-inflation target. The …

This is the third chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation-Targeting Regimes …: Saying What You Do and Doing What You Say." It examines a number of elements in the design of an inflation …-targeting framework. These include the definition of the target variable, the relevance of core measures of inflation, and the advantages …