Singapore as a case study, it explores the Monetary Authority's adoption of the exchange rate as the primary tool since 1981 … function aligns well with actual deviations, supporting the hypothesis that Singapore's forward-looking policy rule effectively … responds to inflation and output volatility, especially during economic crises. This framework offers a promising alternative …

In Canada, targeting the inflation rate was intended as a temporary measure on a journey to price-level stability, but … account, changing beliefs about the stability or otherwise of ongoing inflation, the capacity of a flexible exchange rate to … inflation targeting arrived on the scene only after the Canadian regime was well established. …

In Canada, targeting the inflation rate was intended as a temporary measure during a transition to price … following account, changing beliefs about the stability or otherwise of ongoing inflation, the capacity of a flexible exchange … modelling inflation targeting arrived on the scene only as the Canadian regime was becoming well established. …