priorpostwar experience.1 Inflation also stabilized around then(although only when compared with a shorter period ofvolatility in … output and inflation volatility; othershave attributed the decreased volatility of GDP to a reductionin the size of the … policy in stabilizing output, althoughpolicy remains the likely source of reduced inflation volatility... …

inflation. We find that these forecasts do not contain the intended information.Rather, they either have no information content …

[...]Inflation targeting in Canada was not the result oflegislation. However, as in New Zealand, the inflationtarget in … Canada is jointly determined and announcedby both the government and the central bank.[...] …

data revision errors in GDP on the ex ante or conditional inflation-output-growth volatility trade-off and applies it to … volatility of inflation and output growth is explored by a simulation exercise. In general, the results obtained suggest that … focusing monetary policy on GDP growth instead on inflation may lead to an inefficient policy with both increased medium term …