Purpose – The purpose of this paper is to explore whether India is a suitable candidate for an inflation targeting … flexibility. If the latter is chosen, the selection of inflation targeting would appear an appropriate one. Design … examine how inflation targeting might work with the exchange rate. Then the decision rule from the model (a monetary policy …

Purpose – The purpose of this paper is to investigate inflation convergence within the East African Community (EAC) as … decompose the variation in inflation into a component that is common across the countries in the EAC region and a component that … is country specific. Convergence was measured by the percentage of variation in inflation that is common across countries …

rising food prices on GDP, on measures of inflation, and on welfare, in the model. Findings – Previously neglected evidence … indicates that stagflation (simultaneously rising unemployment and inflation) preceded the OPEC price hike. The model results … deflator measures of inflation. It also highlights a possible similar divergence between GDP and overall welfare.  …

Purpose – In the past two decades, there has been a remarkable decline in inflation in both developed and developing … countries, in sharp contrast to the period immediately preceding it. Interestingly, the behaviour of inflation in India broadly … exhibits such a pattern. For much of the 1970s and 1980s, India experienced recurrent bouts of high inflation together with sub …

that inflation targeting in emerging economies welfare‐dominates exchange rate targeting. Originality/value – This lies in …