[...]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.[...] …

-term interest rates to the Bank of England’s inflation report andto macroeconomic announcements. Due to the quarterly frequency at …, the more timehas elapsed since the latest release of an inflation report, market volatility shouldincrease, the price …

setting causes inflation persistence. We analyse how the endogeneityof the capital stock changes the macroeconomic dynamics …

In practice, central banks have been confronted with a trade-off between stabilising inflation and output when dealing … economy is hit by oil price shocks.The main result is that oil price shocks generate an endogenous trade-off between inflation … authority to stabilise partially the effects of oil shocks on inflation and some inflation is desirable. We also find, in …

explicitly on Euro-zone inflation forecastswill diminish problems associated with the large number of country … target inflation - essentially theCzech Republic, Hungary, and Poland - should maintain this monetary policy strategy …

inflation targeting than under output targeting, and that inflation risk premia are higher for policies that strike a balance … between output and inflation stability (and achieve a social optimum) than for policies that target only one of them. …

output and for both domestic GDP and CPI inflation rates can replicate thecooperative allocation.[...] …

. Optimized policy has a strong anti-inflation stance andimplies persistent fluctuations of the tax rate and of public debt. Very … simple optimizedpolicy rules, under which the interest rate just responds to inflation and the tax rate justresponds to …