In recent years, a number of central banks have announced numerical inflation targets as the basis for their monetary … examines the adoption, operational design, and experience of inflation targeting as a framework for monetary policy in the … operation of the long-standing German monetary targeting regime, which incorporated many of the same features as later inflation …

attained in the fight against inflation in the 1990s. Instead of focusing the debate about the conduct of monetary policy on …, monetary targeting, and inflation targeting, in light of monetary policy's recent track record in several Latin American …, inflation targeting is likely to produce a monetary policy that keeps inflation low yet appropriately copes with domestic and …

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

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

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 …