The paper analyzes inflation targeting which is used in many countries as a tool for the monetary policy of central … banks. The study of the experience of inflation targeting over the past quarter century shows a number of shortcomings. The … important one is that inflation targeting is powerless in relation to import inflation. This problem is particularly acute for …

sensitive to commodity (in particular food grain) prices. Hence, reducing consumer price inflation is likely to yield a rich …

studies that Banca d'Italia staff has produced on the factors that have brought inflation to unprecedented low levels in 2014 …

. The world in 2022: slower growth, higher inflation, interest rate hikes .-- C. Effects on the region: large differences …

What is the effect of climate policies on inflation and economic activity? Answering this question is critical for …

response of the interest rate to changes in sectoral inflation due to standard supply shocks, conditional on a given … environmental policy. We then compare the performance of a nonstandard monetary rule with sectoral inflation targets to that of a … sectors. Second, compared with a standard Taylor rule targeting aggregate inflation, a monetary policy rule with asymmetric …