This paper aims to contribute to a better understanding on how inflation targets are set. For this reason, we first … inflation targets are set; we then estimate the determinants of the level of inflation target in 19 inflation targeting … than as a point). Inflation targets are found to reflect macroeconomic fundamentals. Higher level as well as higher …

This paper contributes to a better understanding of how inflation targets are set. First, we gather evidence on how … inflation targets are set from official central bank and government publications and from a questionnaire of our own design …. Second, we estimate the determinants of the level of the inflation target in 19 inflation-targeting countries using …

This paper aims to contribute to a better understanding on how inflation targets are set. For this reason, we first … inflation targets are set; we then estimate the determinants of the level of inflation target in 19 inflation targeting … than as a point). Inflation targets are found to reflect macroeconomic fundamentals. Higher level as well as higher …

This paper aims to contribute to a better understanding on how inflation targets are set. For this reason, we first … inflation targets are set; we then estimate the determinants of the level of inflation target in 19 inflation targeting … than as a point). Inflation targets are found to reflect macroeconomic fundamentals. Higher level as well as higher …

changes while after October 2000, when inflation targeting was officially adopted, monetary policy reacted only statistically … to changes in the inflation rate. The latter regime is consistent with the Taylor principle as shown analytically and …

. Specifically, we estimate a series of simple models to measure the impact of inflation targeting on the dispersion of private … sector forecasts of inflation. Using a panel data set that includes 15 countries over 20 years we find no convincing evidence … that adopting an inflation targeting regime leads to a reduction in the dispersion of private sector forecasts of inflation …

Inflation targeting has become the most popular and widely discussed policy framework in the contemporary monetary … policy practice. The success of inflation targeting has been proved by a number of advanced and emerging countries and hence …. However, a country needs to fulfill several prerequisites to adopt inflation targeting in terms of institutional setup, legal …

The goal of this paper is to construct leading indicators that anticipate inflation cycle turning points on a real time … monitoring basis. As a first step, turning points of the IPCA inflation are determined using a periodic stochastic Markov … is then used to extract common cyclical movements in a set of variables that display predictive content for inflation …

particular the aim of price stability, understood as low and stable inflation. Design/Research methods: The article was prepared … inflation reduces uncertainty about future price developments. This facilitates decision-making for companies concerning …

Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …