This paper aims to contribute to a better understanding on how inflation targets are set. For this reason, we first … inflation targets are set; we then estimate the determinants of the level of inflation target in 19 inflation targeting … than as a point). Inflation targets are found to reflect macroeconomic fundamentals. Higher level as well as higher …

conducts monetary policy, highlighting the BSP's shift to inflation targeting as its monetary policy framework and the issues …

After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by … global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise … monetary policy tightening, inflation upside risks are large. How can central banks restore control - and with it their own …

policy impacts inflation and real economic developments in China. The results indicate that the conduct of monetary policy in … aims to hit an inflation target by simply controlling the target interest rate. First, China's monetary policy toolkit is …

We assume that central banks can control inflation so that inflation rates reflect the preferences of the central bank … background. In a panel data analysis for the euro area and eleven countries since 1973,we explain inflation first by the weights … background, former members of the central bank staff as well as former bankers and businessmen have the strongest inflation …

We analyse the interaction between private agents? uncertainty about inflation target and the central bank's data … uncertainty. In our model, private agents update their perceived inflation target and the central bank estimates unobservable … economic shocks as well as the perceived inflation target. Under those two uncertainties, the learning process of both private …

independence and inflation. Making use of data on the evolution of central bank independence over time and controlling for possible … country's inflation performance. Examining a cross-section of up to 69 countries, we are able to show that granting a central … bank more autonomy does not necessarily lead to better inflation performance. To lower inflation by increasing independence …

Excessive inflation is usually attributed to the lack of central bank’s credibility. In this context, most of the …. Indeed, the degree of central bank’s transparency influences the effectiveness of its policy to stabilize inflation in terms …