systems reflects a divergence of opinion on the appropriate way to handle macroeconomics and, in particular, to curb inflation …. This paper studies the connection between changes in the exchange rate and inflation as perceived in various exchange rate … low inflation in these countries. To this end we model price and exchange rate changes simultaneously and incorporate …

This study examines the link between various monetary policy regimes and the ability to manage inflation and exchange … hypothesis is that a system of 'flexible inflation targeting' may be an optimal policy choice for managing these two categories … of risk. A model of inflation and exchange rate risk premiums within the context of inflation targeting is proposed …

Inflation in Central and East European countries varied considerably over the transition phase, and econometric … some light on the issue, this paper analyses some empirical models of the inflation process in the three earliest east … European transition economies: the Czech Republic, Hungary and Poland. Since the end of the 1980s these economies have …