In this paper three possible reasons are examined for a sluggish inflation response to a hard currency peg. Models of … credibility and the speed of private sector learning, which are shown to have a major impact on the speed of inflation adjustment …. But even if individual agents believe the government will not devalue, it is shown that inflation inertia can still arise …

rapid credit expansion. Inflation was contained while fiscal and external positions improved. Key policy priorities are to …

Beschleunigung der Inflation gerechnet. Als Hauptprobleme der Wirtschaft wurden weiterhin Budgetdefizite und Arbeitslosigkeit …

The recent global financial crisis has exposed the limitations of a conventional inflation targeting framework in … and inflation. Possible refinements to the inflation targeting framework in Korea were investigated by taking into account … business cycle fluctuations by mitigating the buildup of factors that lead to large fluctuations in output and inflation. …