appreciating that were put in place in 2013. I focus its on the impact on output, unemployment, and inflation. I use the synthetic … connected to disturbances created by changes in excise taxes. The effect of the commitment on inflation is positive but not …

), the problem of instability is simply transferred to inflation rate differentials, what we call the (impossibility of the …) "uncovered inflation rate parity condition" in a monetary union. The analysis of the actual divergences and imbalances in the EMU …, then, suggests that failure to respect the "uncovered inflation rate parity condition" in a monetary union may lead to …

interest rate, the study found evidence for the popular Fisher's effect and, then, suggested that inflation targeting should be …

responds to inflation and output volatility, especially during economic crises. This framework offers a promising alternative …

After 1980s, chronic inflation in Turkey has shaken the confidence in the domestic currency, and thus operating debit …-credit transactions through dollars. The aim of this study is to analyse the impact of exchange rate pass-through into inflation in both … with inflation targeting policy in an attempt to switch to the advanced economy, and to examine whether stabilization …

aggregate targets, and inflation targets. Large economies are likely to use floating régimes and inflation targets. Small …

on the extent to which domestic inflation and interest rate surprises contribute to short-run volatility in G3 exchange … rates. We set out a simple model of the implications of different monetary regimes for the response of inflation, interest … rates, and exchange rates to inflation surprises. We then develop an operational measure of central bank transparency, and …

experiment of the past decade, stemming from a belief of the government that higher interest rates cause higher inflation … eventually a negative coefficient on inflation in the policy rule. In such an environment, was the exchange rate still a random … walk? Was inflation anchored? Does the "standard model" suffice to explain the broad contours of macroeconomic outcomes in …