This paper empirically analyzes whether and to what extent the adoption of inflation targeting (IT) in Korea, Indonesia …

inflation targeting during periods of disinflation. The first paper claims that inflation targeting reduces sacrifice ratios …-i.e., the ratio of output losses to the change in trend inflation-during disinflations; the second paper refutes this result. We … show here that inflation targeting only matters if disinflations are slow. The credibility gains of a fast disinflation …

and an inflation targeting monetary authority, and analyzes the growth dynamics that emerges from this framework. Besides …

and an inflation targeting monetary authority, and analyzes the growth dynamics that emerges from this framework. Besides …

interest rates are associated with significantly lower interest volatility, a lower average rate of inflation, which will be …

In countries with credible inflation targeting, it seems plausible to suggest that instead of forming a rational … expectation, some firms (inflation-targeters) might simply expect future inflation to always equal its target. This paper analyses … shocks have any persistence, inflation is more stable, loss is reduced, and the optimal policy frontier is improved as the …

the list of many researchers, are shown to be insignificant: oil shocks, fiscal policy and inflation targeting …. Nevertheless, other important features such as the exchange rate regime, achieving a low inflation rate during the disinflation and …