Yes, as inferred from panel evidence for inflation-targeting countries and a control group of high-achieving industrial … countries that do not target inflation. Our evidence suggests that inflation targeting helps countries achieve lower inflation … in the long run, have a smaller inflation response to oil-price and exchange-rate shocks, strengthen monetary policy …

inflation during the first quarter of the 21st century, yielding important insights for central banking. Price stability has … involves a credible commitment to a nominal anchor with a strong response to inflation and pre-emptive leaning against an … them to stabilize both inflation and economic activity …

Part III of the special Economic Policy Review volume on inflation targeting …

Part VII of the special Economic Policy Review volume on inflation targeting …

numerical inflation targets. This study examines the experience of the first three countries to adopt an inflation … scheme that incorporated many elements of inflation targeting even earlier. The authors find that the countries adopting a … numerical inflation target have successfully maintained low inflation rates. Other benefits of inflation targeting include …

Part II of the special Economic Policy Review volume on inflation targeting …

Part I of the special Economic Policy Review volume on inflation targeting …

particular the turn to inflation targeting. Monetary Policy Strategy describes his work over the last ten years, offering …; central bank accountability; the rationale for inflation targeting; the optimal inflation target; central bank transparency …

particular the turn to inflation targeting. Monetary Policy Strategy describes his work over the last ten years, offering …; central bank accountability; the rationale for inflation targeting; the optimal inflation target; central bank transparency …