impact of energy price changes on overall inflation in the future. For instance, the reaction of HICP inflation to energy …

monetary framework based on inflation targeting, containing input variables that are relative to the corresponding variables in … the common currency area. The policy rule is tested empirically for three inflation targeting countries converging to the … monetary policies among these euro-candidates. The Czech inflation targeting is forwardlooking relying on a sensible balance …

transition to inflation targeting and prioritizing low inflation against the other goals of the monetary authorities. …

An increasing number of countries have adopted inflation targeting since New Zealand first adopted this framework in … early 1990. Currently there are 21 countries using inflation targeting in every continent of the world. This paper discusses … the characteristics of these countries and how the adoption of inflation targeting has affected their economic performance …

for economic activity and inflation. Furthermore, its focus has strengthened with regard to structural trends in shaping …

inflation. Second, considering the effective lower bound on policy rates, a combination of instruments is generally more …