This study examines the impact of various monetary policy regimes on the ability to lower inflation and exchange rate … policy framework of flexible targeting of relative inflation risk premium that is believed to be credible and useful for … managing these two categories of risk. A model of inflation and exchange rate risk premiums within the context of inflation …

conclusions include: (1) There is little evidence that inflation targeting affects performance in advanced economies, but some …

consistent with the official monetary policy. Second, we seek to shed light on the inflation process of these countries. To this … end, we carry out an estimation of an open economy Philips curve (PC). Our main finding is that inflation rates were not … monetary arrangements for price stability. The analysis of the conditional inflation variance obtained from GARCH estimation of …

movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across countries … deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the effective lower … inflation. …

. inflation anchoring properties. This layout is then confronted with the policy framework in use in the euro area prior to the … dis-anchoring of long-term inflation expectations experienced in the euro area since 2013, however, suggests that the … policy framework could benefit from a rebalancing towards a formulation with stronger anchoring properties. The inflation aim …

renewal of the inflation targeting framework. While a comprehensive overview would be impossible to provide, it seeks to … the inflation targeting framework, its key elements and the principles of how it operates in practice. The paper then … explains criticisms of the inflation targeting framework in light of the financial crisis and the practical, strategic and …

renewal of the inflation targeting framework. While a comprehensive overview would be impossible to provide, it seeks to … the inflation targeting framework, its key elements and the principles of how it operates in practice. The paper then … explains criticisms of the inflation targeting framework in light of the financial crisis and the practical, strategic and …

Since the early 1990, when the Reserve Bank of New Zeeland instituted for the first time inflation targeting (IT) as … explicit exchange rate objective being quite problematic). The paper concludes that a soft version of inflation-targeting is …