The objective of this paper isto investigate the impact of inflation targeting strategy on monetary policy transmission … inflation targeting countries and 20 non-inflation targeting countries. This study implies Generalized Method of Moments (GMM …) for empirical investigation. The evaluation of transmission mechanism in the presence of inflation targeting strategy by …

optimally targets nominal income growth (NIT) or the change in the output gap (SLT) outperforms a regime that targets inflation … precommitment. We obtain a very different result when the analysis is extended to open-economy models. Flexible CPI-inflation … targeting outperforms both SLT and NIT and is the most robust targeting regime. The gains from targeting CPI inflation are …

permanent shifts of the exchange rate and the price level if a central bank anchors long-run inflation expectations. In line …-run price level target rather than a long-run inflation target avoids these permanent shifts of the exchange rate and the price …

into account expected inflation and some measure of the expected output gap. On the other hand, realized inflation and …

In this paper, we argue that inflation targeting could be the future of Tunisia's monetary policy. Monetary targeting … reserves, current account deficit, and inflation differentials with main trading partners. The Central Bank of Tunisia has … already made important progress toward inflation targeting. The paper evidences the existence of increasingly effective …

rate as the real policy rate consistent with output at its potential level and inflation equal to target after the effects … rate below neutral will be required to maintain inflation sustainably at target. …