Based on market expectations reported by the Central Bank of Brazil for the SELIC interest rate, the IPCA inflation … expectations about the IPCA inflation rate and the SELIC interest rate have a strong negative relationship with central bankers …

long run Phillips curve recorded -0.75 in Sweden and -0.23 in the United States. While the average inflation rate in the … United States was very close to its targeted level, the average inflation rate in Sweden was 0.6 per- centage points below … its targeted level over the sample period. The deviation of inflation rate from its targeted level in Sweden resulted in …

We construct an empirical test of whether the anticipation of adoption of inflation targeting affects the inflation … rate. We observe that most of the central banks adopt the regime after first achieving significant disinflation. With pre-inflation …-in-difference framework. We find that inflation targeting is successful in locking-in already low inflation rather than reducing high …

a unified framework that incorpo- rates regime switching both in shock variances and in the inflation target. We propose … the inflation target are not the main driving force of high inflation in the 1970s. The model that best fits the U.S. time …-series data is the one with synchronized shifts in shock variances across two regimes, and the fit does not rely on strong nominal …

Most emerging market central banks have adopted inflation targeting as their monetary policy system. The heart of … inflation targeting system is inflation expectations. The success of a central bank in achieving targets depends on to the … extent to which inflation expectations are formed by the announced targets. As the credibility of the central bank increases …

The popularity of inflation targeting has risen in the last decade and the number of countries that adopted inflation … targeting as their monetary policy framework surpassed 40 by the end of 2016. This study analyzes whether inflation targeting … around the world has been successful in terms of achieving the announced target and keeping inflation rate around it. We …

This article theoretically and empirically investigates the determinants of inflation in a sample of 83 countries …, including countries that adopt an inflation targeting regime (ITR) and countries that do not, for the period 2000 to 2021. The … rates, food and energy - causing a rise in inflation and bringing recessive effects that may be more pronounced in ITR …