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 …

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 …

This paper studies the relationship between inflation, output, money and interest rates in the euro area, using data … power for future inflation. The real money gap contains more information about future inflation than the output gap and the … Eurosystem's money-growth indicator is an inferior indicator of future inflation …

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 …

Evaluating inflation-targeting monetary policy is more complicated than checking whether inflation has been on target …, because inflation control is imperfect and flexible inflation targeting means that deviations from target may be deliberate in … variability of the inflation-gap and output-gap forecasts can be used to evaluate policy ex ante, that is, taking into account the …

Evaluating inflation-targeting monetary policy is more complicated than checking whether inflation has been on target …, because inflation control is imperfect and flexible inflation targeting means that deviations from target may be deliberate in … variability of the inflation-gap and output-gap forecasts can be used to evaluate policy ex ante, that is, taking into account the …

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 …

inflationary 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 …