policy impacts inflation and real economic developments in China. The results indicate that the conduct of monetary policy in … aims to hit an inflation target by simply controlling the target interest rate. First, China's monetary policy toolkit is …

below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than … anticipated, suggesting a breakdown of the relation between inflation and activity. To examine the first, we look at 122 … find that the effect of unemployment on inflation, for given expected inflation, decreased until the early 1990s but has …

-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a … breakdown of the relation between inflation and activity. To examine the first, we look at 122 recessions over the past 50 years … unemployment on inflation,for given expected inflation, decreased until the early 1990s, but has remained roughly stable since then …

trend output growth using an IS relationship and an output gap based inflation equation. They find a positive link between … inflation to the output gap …

selection approach, the study interacts money supply, interest rate, economic growth, and inflation rate, among themselves and … inflation rate as the impact factor. On the basis of the above findings and the evidence from other studies, lending and … inflation rate generated substantial destabilizing impacts on the economic growth, suggesting that the monetary authorities …

The number of studies investigating the effects of inflation targeting (IT) on inflation and macroeconomic variables … effect and instrumental variable (IV) techniques to estimate the effect of IT on inflation and economic growth for a sample … of 40 middle-income countries. Generally, we find that the effects of IT on inflation is quantitatively large but …

, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises … and redesigned its stabilization program to bring inflation down more gradually. This collection analyzes the nature of …