subsequent real activity and inflation in both Europe and the United States. The results show that monetary policy is an … significant predictive power for both real activity and inflation. The yield curve is thus a simple and accurate measure that …

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 …

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 …

solutions such as the conservative central banker and optimal inflation contracts. Our theoretical model also shows how an … inflation targeting range should be set and how it should respond to changes in the nature of shocks to the economy …