bank's own interest rate expectations. From a theoretical point of view, the latter should yield the highest forecast … investigating the predictive accuracy of the forecasts for interest rates, inflation and output growth made by the Bank of England …

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy … allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of … the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing …

Over the past fifteen years, a significant number of industrialized and middle-income countries have adopted inflation … targeting as a framework for monetary policymaking. As the name suggests, in such inflation-targeting regimes, the central bank … is responsible for achieving a publicly announced target for the inflation rate. While the objective of controlling …