"constrained discretion" to the central bank by imposing both upper and lower bounds on permissible inflation, and that these …

The paper examines the factors of global inflation acceleration in 2021-2022. We consider primarily the developed … economies, where rates of inflation over the last two years have exceeded multi-year highs and have significantly exceeded … target levels. We find that the cause of accelerating inflation was an imbalance between aggregate demand, which started to …

This article aims to examine the monetary policy rule under an inflation targeting in Mongolia with a focus on its …-method-of-moments (GMM) estimation and a New Keynesian dynamic stochastic general equilibrium (DSGE) model with a small open economy version … by the Bayesian estimation. The main findings are summarized as follows. First, the GMM estimation identified an …

during FY2004/2005:Q1-FY2015/2016:Q4; and Bayesian methods are used in estimation. Findings - The results show that monetary … and fiscal policy instruments in Egypt contribute to economic stability through their effects on inflation, output and …, inflation and debt. Also, it would be neither possible to contrast the outcome of monetary and fiscal authorities commitment to …

output and real-rate gaps can be represented in a parsimonious and practical manner using the theory of anelasticity that …

monetary policies based on the inflation targeting regime. Nevertheless, there is no theoretical evidence as to which inflation … determine which inflation level is a threshold for the economic growth. The aim of this study is to examine the relationship … between price stability and economic growth of the selected countries applying inflation targeting. We use threshold dynamic …