-term inflation target to help anchor expectations. This paper aims to document how much the release of the forecasts of one major … central bank, the Bank of Japan (BOJ), has influenced private sector expectations of inflation, and whether the degree of … influence depends to any degree on the adoption of an inflation target (IT). Consistent with earlier studies, we find the …

This paper seeks to clarify the ways in which inflation targeting corresponds to a policy rule conceptually, and to … assess the extent to which inflation targeters' policy can be described by policy rules in practice. Using central banks …' inflation and output forecasts, the empirical analysis shows that simple forward-looking instrument rules provide a reasonably …

inflation forecast targeting: the central bank's inflation forecast becomes an explicit intermediate target. Inflation forecast … quickly the inflation forecast is adjusted towards the inflation target. Money growth or exchange rate targeting is generally …**The following is a description of the paper and not the actual abstract.** Inflation targeting is shown to imply …

Inflation targeting is shown to imply inflation forecast targeting: the central bank's inflation forecast becomes an … explicit intermediate target. Inflation forecast targeting simplifies both implementation and monitoring of monetary policy …. The weight on output stabilization determines how quickly the inflation forecast is adjusted towards the inflation target …

As projections have inflation heading back toward target and the labor market continuing to improve, the Federal …