This paper aims to contribute to a better understanding on how inflation targets are set. For this reason, we first … inflation targets are set; we then estimate the determinants of the level of inflation target in 19 inflation targeting … than as a point). Inflation targets are found to reflect macroeconomic fundamentals. Higher level as well as higher …

inflation volatility. The analysis for 75 countries which have adopted MPCs provides some support for the above suggestion …: countries with less than five MPC members tend to have larger deviations from trend inflation than MPCs with five members …

bankers to explain their monetary policy decisions in detail and for them to publish inflation forecasts. This leads to the … question of how central bank transparency is entangled with price stability and inflation volatility. A plethora of studies … transparency leads to lower inflation, others concluded that openness of central banks results in higher prices. Conversely, there …

for the economy-inflation and devaluation. The purpose of the research is to analyze the socio-economic results of … inflation and devaluation in Georgia and to determine the main directions to overcome it. Due to study purposes was investigated … the causes of inflation and devaluation, as well as was examined its influence on economic development of the country and …

whereas the other type of agents cannot. If the sales tax is perfectly substituted by the inflation tax, then there is no way …

inflation tax. However, if imposing a positive sales tax is inevitable for central bank independence, there arises an …

Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused … the past and in the presence. This paper attributes inflation decisively to the overwhelming money creation by the …

We examine how the interaction between monetary policy and macroeconomic conditions affects inflation uncertainty in the … long-term. The unobservable inflation uncertainty is quantified by means of the slowly evolving long-term variance component … of inflation in the framework of the Spline-GARCH model (Engle and Rangel, 2008). For a cross-section of 13 developed …

We provide a new perspective on disagreement in inflation expectations by examining the full probability distributions … of UK consumer inflation forecasts based on an adaptive bootstrap multimodality test. Furthermore, we compare the … inflation forecasts of the Bank of England's Monetary Policy Committee (MPC) with those of UK consumers, for which we use data …

We propose to regard the central banker as a risk manager who aims to contain inflation within pre-specified bounds. We …