Showing 1 - 10 of 201
This study addresses the potential trade-off between inflation and exchange rate targeting in former transition … (EMU). Among this group of countries, some implemented inflation targeting regimes. These countries may face increasing …). Against this background, the study analyzes the choice of inflation targets using panel data techniques (Chapter 2), the (de …
Persistent link: https://www.econbiz.de/10009429025
of an intertemporal loss function containing a central bank’s final targets output and inflation. We explicitly model the …
Persistent link: https://www.econbiz.de/10009433725
to inflation targeting as their monetary policy. This paper serves as a survey of the experiences of emerging countries … in adoption to inflation targeting. In view of the recent successful experience of some emerging economies, the paper … focuses on inflation targeting as a choice of policy regime for Pakistan. The discussion and analysis in this paper suggests …
Persistent link: https://www.econbiz.de/10009441615
could lead to a sustainable economic growth. Inflation targeting has become one of these policy alternatives and has …-condition for the success of inflation-targeting is to identify the leading indicators of inflation and develop a model to … reasonably forecast inflation. This is the main objective of this paper. Besides an overview of the experience, the main focus of …
Persistent link: https://www.econbiz.de/10009441723
Replaced with revised version of paper 11/17/06. Former title: Forecasting Food Price Inflation, Challenges for Central … Banks in Developing Countries using an Inflation Targeting Framework: the Case of Colombia …Many developing countries are adopting inflation targeting regimes to guide monetary policy decisions. In such …
Persistent link: https://www.econbiz.de/10009443499
recently in the adoption of an inflation targeting approach through the institutional mechanism of CBI (Central Bank … Independence). Cross-country empirics have repeatedly confirmed the stylized fact that high CBI delivers low inflation. This study … covers new ground by using time-series techniques to test the nexus between CBI and inflation using Australian quarterly time …
Persistent link: https://www.econbiz.de/10009447881
for a small open NE committed to inflation targeting. …
Persistent link: https://www.econbiz.de/10009447976
The paper analyzes exchange rate regimes implemented by the major Latin American countries since the Second World War, with special attention on the period of the second globalization process beginning in the 1970s. The analysis follows a historical narrative aiming to provide an understanding...
Persistent link: https://www.econbiz.de/10009467794
The paper examines the inflation targeting regime in the context of transition economies. Recent years have witnessed … an increasing number of central banks in these countries moving towards the implementation of inflation targeting regimes … experience in a number of transition economies has shown so far, targeting inflation is not an easy task. The ongoing …
Persistent link: https://www.econbiz.de/10009476778
This study proposes an extension to the inflation targeting framework for Poland that takes into consideration the … policy framework is based on targeting the differential between the domestic and the implicit euro area inflation forecasts …. Adjustments of interest rates respond to changes in the relative inflation forecast, while foreign exchange market intervention is …
Persistent link: https://www.econbiz.de/10009476869