Inflation targeting is shown to imply inflation forecast targeting: the central bank's inflation forecast becomes an … explicit intermediate target. Inflation forecast targeting simplifies both implementation and monitoring of monetary policy …. The weight on output stabilization determines how quickly the inflation forecast is adjusted towards the inflation target …

**The following is a description of the paper and not the actual abstract.** Inflation targeting is shown to imply … inflation forecast targeting: the central bank's inflation forecast becomes an explicit intermediate target. Inflation forecast … quickly the inflation forecast is adjusted towards the inflation target. Money growth or exchange rate targeting is generally …

long run Phillips curve recorded -0.75 in Sweden and -0.23 in the United States. While the average inflation rate in the … United States was very close to its targeted level, the average inflation rate in Sweden was 0.6 per- centage points below … its targeted level over the sample period. The deviation of inflation rate from its targeted level in Sweden resulted in …

The purpose of the paper is to survey and discuss inflation targeting in the context of monetary policy rules. The … of inflation targeting, compares inflation targeting to the other monetary policy rules, and draws some conclusions for …

expansionary policy than a high-credibility bank, in the sense that it induces higher inflation, but a less expansionary policy in … the sense that it induces lower inflation and employment than expected. Increased transparency makes the bank's reputation …

Inflation target regimes (like those of New Zealand, Canada, U.K. and Sweden) are interpreted as having explicit … inflation targets and implicit employment targets. Without employment persistence, 'an inflation target-conservative' central … bank eliminates the inflation bias, mimics an optimal inflation contract, and dominates a Rogoff 'weight- conservative …