adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union … credibility, and that a positive inflation target, as opposed to zero inflation, leads to higher and less volatile output. These … countries supports country-specific flexible inflation targeting …

transition to inflation targeting and prioritizing low inflation against the other goals of the monetary authorities …

transition to inflation targeting and prioritizing low inflation against the other goals of the monetary authorities …. -- macroeconomic stability ; budget rule ; commodity revenues management ; inflation targeting …

deficits which backs debt and attenuates fiscal inflation. A dynamic r -- g stability criterion characterizes the set of … with inflation. Monetary policy which follows the Taylor principle can be consistent with a unique stable equilibrium under …

monetary policies based on the inflation targeting regime. Nevertheless, there is no theoretical evidence as to which inflation … determine which inflation level is a threshold for the economic growth. The aim of this study is to examine the relationship … between price stability and economic growth of the selected countries applying inflation targeting. We use threshold dynamic …

Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …

monetary policy variables impact inflation, output, money supply, and the financial sector in India. Our results for the period … that monetary policy is more efficient in explaining the variations in inflation rather than stimulating output indicating …

Most macroeconomic models for monetary policy analysis are approximated around a zero-inflation steady state, but most … central banks target inflation at a rate of about 2 percent. Many economists have recently proposed even higher inflation … importance of appropriately accounting for a low, positive trend inflation rate for the conduct of monetary policy. We first …

economies. The general findings for monetary policy are that, while it was costly to lower inflation (in terms of output and … inflation further from its already low level. While inflation was being lowered, in a number of cases central banks were also … evidence that these changes have helped in terms of better anchoring inflation expectations. At the same time there is no firm …