propagates to investment and employment. We exploita unique policy that reduced uncertainty regarding the availability of future …

inadequate policy tools and theory from the interwar period, set the stage for the Great Inflation of the 1970s. The lessons from … that experience have convinced monetary authorities to reemphasize the goal of low inflation, as it were, committing …

Inflation Targeting for a set of developed and emerging market economies. We use a structural VAR model to estimate the effect … emerging than for developed economies, and that it has decreased after the adoption of Inflation Targeting. We then use several … foreign exchange market intervention after the adoption of Inflation Targeting. As the exchange rate pass-through still …

This paper modifies Calvo and Reinhart's (2002) fear of floating analysis to distinguish between de facto inflation … targeting (IT) and fear of floating (FF) behavior in a sample of 10 de jure inflation targeting countries. We present three main …

This paper investigates macroprudential policy effects on bank systemic risk and the role of inflation targeting in … further under inflation targeting. Our findings lend credence to the view that inflation targeting strengthens macroprudential …