inflation combined with a free float seems to be the ultimate option. The paper shows how to design and operationalize such a …

impact of monetary and exchange rate policies on inflation, including the nature of the lags involved. It reviews …

During the first half of 2008, Sri Lanka witnessed significantly higher inflation than most other emerging Asian … countries. Inflation has since declined amid declining world commodity prices and tight monetary policy. Given the sensitivity … to global commodity prices, a core inflation measure could be useful for monetary policy. The purpose of this paper is to …

inflation and posed a price puzzle insofar their evolution was not responsive to record low interest rates, double digit … commodities inflation, and sharp exchange rate depreciation. Commodities prices were shown to be driven by one common trend … accelerating commodities price inflation, subsequent world recession, and financial disorder; or tighten monetary policy with …

This paper addresses the question of why inflation has not yet converged to price stability in Central America and the … that all central banks raise interest rates to curtail inflation but only some of them increase it sufficiently to … effectively tackle inflation pressures. It also shows that some central banks care simultaneously about exchange rate stability …

, therefore, whether monetary policy is a less potent a device in affecting output and inflation in countries that have low levels … data suggests that the effectiveness of changes in policy interest rates in influencing the path of inflation appear to be …

This paper provides some practical advice on establishing initial conditions in support of an inflation …-targeting monetary framework. These conditions are divided into four areas: a mandate in support of an inflation objective and …