efficient markets-rational expectations theory to analyze empirically the relationship of money supply growth and short- term …

about the effect of the NAIRU gap on inflation does require adjustments to the policy reaction function. Also, as in …

inflation contribute to stabilizing economic activity?"--is, for the most part, yes …

In recent years a number of industrialized countries have adopted a strategy for monetary policy known as `inflation … Friedman sense. We discuss the potential of the inflation-targeting approach for making monetary policy more coherent and …

This paper examines what strategies policymakers have used to both reduce and control inflation. It first outlines why … a consensus has emerged that inflation needs to be controlled. Then it examines four basic strategies: exchange rate … pegging, monetary targeting, inflation targeting, and the just do it' strategy of preemptive monetary policy with no explicit …