combination of inflation targeting and monetary targeting. Well conceived monetary targeting with a commitment to a long-run money … growth rate corresponding to inflation target could reinforce the credibility of central bank announcements and the role of … inflation target as strong and credible nominal anchor for private inflation expectations. However, an inflation …

by using the BoE’s own inflation projections in our estimations. Also, we develop a novel measure of the output gap to … that feature in the Inflation Report. Our study provides some new insights into the BoE’s monetary policy behaviour. We … conditions and relatively more to inflation projections when the 2008-9 Global Financial Crisis and Great Recession period is …

This paper outlines important lessons for monetary policy. In particular, the role of inflation targeting, which was … financial stability. Finally, this paper makes a case against increasing the central banks' inflation target. -- Inflation …

public finances. We show that when the ECB misses its inflation target this has large heterogeneous fiscal consequences for … missing their inflation targets. They are also sizeable …