This paper re-examines the findings of Alogoskoufis and Smith (1991), who argue that sharp increases in inflation … United States, Canada and Sweden, we suggest that these authors' emphasis on a post-1967 shift in inflation persistence is … misplaced and that there are other equally good candidates to account for changes in inflation persistence such as wars, oil …

This paper re-examines the findings of Alogoskoufis and Smith (1991), who argue that sharp increases in inflation … United States, Canada and Sweden, we suggest that these authors' emphasis on a post-1967 shift in inflation persistence is … misplaced and that there are other equally good candidates to account for changes in inflation persistence such as wars, oil …

This paper examines the persistence of inflation in inflation and non-inflation targeting countries. It is shown … empirically that inflation persistence has fallen in inflation targeting countries relative to some non-inflation targeting … countries. However, it is not possible to determine at present whether the institutional design of inflation targets and the …

A new measure of credibility is constructed as a function of the differential between observed inflation and some … estimate of the inflation rate that the central bank targets. The target is assumed to be met flexibly. Credibility is …-2008 financial crisis. The VIX, adopting an inflation target and central bank transparency, are the most reliable determinants of …

A new measure of credibility is constructed as a function of the differential between observed inflation and some … estimate of the inflation rate that the central bank targets. The target is assumed to be met flexibly. Credibility is …-2008 financial crisis. The VIX, adopting an inflation target and central bank transparency, are the most reliable determinants of …

estimating instrument rules that permit an influence from Maastricht Treaty inflation requirements via the estimation of Markov …