This paper argues that the inflation targeting regime prevailing in the United Kingdom is not the result of a change in …. Instead, the crucial underpinning of U.K. inflation targeting has been an overhaul of doctrine - a changed view of the … inflation dynamics. Contrary to conventional wisdom, changing views on the expected-inflation term in the Phillips curve do not …

The United Kingdom's monetary policy strategy is one of floating exchange rates and inflation forecast targeting, with … the targeted measure referring to consumer prices. We consider whether it is welfare-reducing to target inflation in the … CPI inflation. We argue that it is appropriate to model imports as intermediate goods rather than as goods consumed …

.K. regime (CPI inflation targeting combined with a floating exchange rate), and adoption of the euro, as monetary policy options …

We argue that the Great Inflation experienced by both the United Kingdom and the United States in the 1970s has an … common doctrine underlying the systematic monetary policy choices in each country. The nonmonetary approach to inflation …

In this paper we investigate the problem of selecting an optimal horizon for inflation targeting in the United Kingdom …

This paper considers the Great Inflation of the 1970s in Japan and Germany. From 1975 onward, these countries had low … inflation relative to other large economies. Traditionally, this success is attributed to stronger discipline on the part of … governments' and monetary authorities' acceptance that inflation is a monetary phenomenon. Likewise their higher inflation in the …

This paper considers the Great Inflation of the 1970s in Japan and Germany. From 1975 onward these countries had low … inflation relative to other large economies. Traditionally, this success is attributed to stronger discipline on the part of … governments' and monetary authorities' acceptance that inflation is a monetary phenomenon. Likewise their higher inflation in the …

In this paper we investigate the problem of selecting an optimal horizon for inflation targeting in the United Kingdom …

The United Kingdom is a highly open economy, and has a monetary policy strategy of targeting inflation in consumer … prices. In this paper, we look at the evidence from the UK on inflation behaviour, and examine the propositions from several … theoretical models about inflation dynamics in an open economy, focussing in particular on the hypothesised connections between …