Globally, the majority of countries using inflation targets have done so when inflation was neither low nor stable … annual changes to the target are endogenous to outcomes. We use a unique cross-country panel dataset of inflation targets and …

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 …

Since the adoption of inflation targeting, the seasonal appears to be the component that explains the major part of … inflation’s total variation in Mexico. In this context, we study the performance of seasonal time series models to forecast … short-run inflation. Using multi-horizon evaluation techniques, we examine the real-time forecasting performance of four …