Changes in interest rates, inflation, and exchange rates are the main components of macroeconomic risks (financial … form of flexible inflation targeting (FIT). It is characterized by an explicit concern over exchange rates. The empirical …

Empirical evidence concerning the link between monetary aggregates and inflation or GDP growth has been underemphasized … determinants of inflation and GDP growth. In addition, the best composite aggregates produce switch dates that overlap with known …

Since the global financial crisis of 2007/2008, there has been increased attention on inflation expectations and the … use of central bank communication as a tool to achieve a central bank’s objective for inflation. However, much of this … household inflation expectation survey question – the inclusion of a historical inflation number in the survey question. Using a …

We examine the relationship between interest rates and inflation rates for ten countries during the period 1974- 1995 … Canada, and the U.S., Germany, and Japan. No similar relationship is obtained between inflation rates with one exception …, namely the U.S. and Canada. We interpret these results as convergence in inflation but not in interest rates. Hence, if …

since the early 1990s for a group of 9 economies, 5 of which explicitly target inflation, and ask: To what extent are … disagreements over forecasts of inflation driven by movements in relative prices? The empirical evidence leads to the following … conclusions. First, there is little doubt that IT has contributed to narrowing the forecast differences vis-a-vis U.S. inflation …