This study investigates inflation persistence in annual CPI inflation collected between 1994 and 2014 for 46 African … countries. We group these countries into panels according to whether they are inflation targeters or not and conduct estimations … for pre and post inflation targeting periods. Interestingly enough, we find that inflation persistence was much higher for …

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 …

Analysis of monetary policy posit that exchange-rate pegs, inflation targets, and central bank independence can help … anchor private-sector inflation expectations. Yet there are few direct tests of this argument. We offer cross-national, micro …-level evidence on the effectiveness of monetary anchors in controlling private-sector inflation concerns. Using firm-level data from …

free float, an independent monetary authority and inflation targeting yields an outcome that mimics the price stabilization … authority and inflation targeting, would be Pareto-improving when compared to harder regimes. …

an inflation targeting framework underpinned by a flexible exchange rate regime was not adopted, how much deeper would …

Monetary policy instruments differ in tightness-how closely they are linked to inflation-and transparency-how easily …

This paper identifies shocks to the Federal Reserve's inflation target as VAR innovations that make the largest … contribution to future movements in long-horizon inflation expectations. The effectiveness of this scheme is documented via Monte … inflation, GDP growth and long-term interest rates. Target shocks are estimated to be a vital factor behind the increase in …