This paper develops a small model of the output-inflation process in the United States in order to examine the … interest rates respond contemporaneously to output and inflation and a forward-looking policy rule that exploits information … model of inflation where positive deviations of aggregate demand from potential are more inflationary than negative …

Many central banks in emerging and advanced economies have adopted an inflation-forecast targeting (IFT) approach to … monetary policy, in order to successfully establish a stable, low-inflation environment. To support policy making, each has …-fledged inflation targeting …

This paper develops a small model of the output-inflation process in the United States in order to examine the … interest rates respond contemporaneously to output and inflation and a forward-looking policy rule that exploits information … model of inflation where positive deviations of aggregate demand from potential are more inflationary than negative …

in an environment with low inflation and nominal interest rates …

This paper presents a basic plan for developing a Forecast and Policy Analysis System designed to support an inflation …

Adoption of inflation targeting by the Bank of Korea (BOK) in 1998 contributed to low and stable inflation. However …, after the global financial crisis (GFC) monetary policy faced more challenging conditions. Inflation slipped below the … monetary policy can focus on the inflation target. Simulation of a macro model calibrated to Korea illustrates how it can be …

This paper extends a small linear model of the Israeli economy to allow for nonlinearities in the inflation …