This paper considers the question of the symmetry of inflation, exchange rate changes and GDP shocks between the EU15 … calculate a complete time varying correlation matrix for these countries. We can then examine the way the conditional … correlation of shocks between the EU15 and the new member countries has been evolving over time. Our results suggest that the …

In Africa, a number of countries like South Africa have adopted inflation targeting. In Nigeria, different monetary … policy regimes have been adopted over the years with rather unsatisfactory success. This study examines inflation targeting … 2016. The study unravels evidence of a significant response of inflation and squared inflation to policy interest rates in …