crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as …

while the policy rate can target the exchange rate. An exchange rate anchor is compatible with an inflation objective …

impact of the zero bound on the effectiveness of interest rate policy in Japan in terms of stabilizing output and inflation …

impact of the zero bound on the effectiveness of interest rate policy in Japan in terms of stabilizing output and inflation …

to International Risk Sharing. When such shocks are important, the exchange rate appears alongside output and inflation …

of Inflation Targeting. We start applying methodologies developed by Calvo and Reinhart (2002) and Ball and Reyes (2004 …, 2008) to check the probabilities of changes in exchange rate and monetary policy instruments before and after inflation … exchange rate shocks before and after inflation targeting regime. VAR model helps to understand the impacts of switch in …

does not play a role in restricting inflation in the short-run. On the other hand, a fixed exchange-rate regime plays a … significant role. The results are robust to controlling for other variables that determine inflation, performing sensitivity …

This paper examines the global drivers of inflation in 55 countries over the 1970-2022 period. We estimate a Factor … domestic shocks. We report three main results. First, global shocks have explained about 26 percent of inflation variation in a … typical economy. Oil price shocks accounted for only about 4 percent of inflation variation, but they had a statistically …