Is inflation targeting an appropriate framework for monetary policy? Experience from the inflation-targeting countries … countries are optimistic about inflation targeting as a monetary-policy framework. South Africa is also following this trend … shows that inflation targeting is not a universal remedy to modern economic ills -- there is an emerging danger of assigning …

inflation.Whereas extensive research on the transmission mechanism has been conductedin developed countries, such work in …

This paper tests for PPP in a group of seventeen Latin American (LA) countries by applying fractional integration … allowing for non-integer values for the degree of integration, and thus for the possibility of PPP not holding continuously but … disturbances, are in the majority of cases inconsistent with PPP, even more so when breaks are incorporated: Argentina is the only …

The current discussion of Inflation Targeting (IT) in emerging economies deals with the effects that nominal exchange … rate movements have on the overall inflation rate. The literature has focused in the analysis of the advantages and …-through effect into inflation. So far none of them have dealt with the differences arising from the policy instruments used to fight …

is investigated, in order to obtain specific inflation measurement instruments. The book provides evidence from the most …

root of different inflation rates in Europe including the EU-27. Among others, we study the structural and cyclical factors … descriptive statistics. Subsequently, we set out the possible mismatches between price level convergence and inflation rates … factors on observed inflation rates first in an accounting framework and then by relying on panel estimations. Our estimation …

no systematic link between thedecline in inflation and the upward adjustments in indexed interest rates. Third,changes in … the exchange rate and in the performance of the external sector helpexplain the decline in inflation. Fourth, the strong …