This Selected Issues paper provides a quantitative assessment of the determinants of inflation in Slovenia, and … evaluates the likelihood of the Maastricht inflation criterion being met. It concludes that on the basis of currently identified … policies, Slovene inflation will likely remain above the Maastricht criterion over the assessment period. The IMF staff …

's experience with 'inflation targeting lite' as described in Stone (2003). It finds that this monetary policy regime has been … associated with a general reduction in inflation, principally through a reduction in inflation expectations. The credibility the … Bank of Mauritius has established with its 'inflation targeting lite' regime has allowed it to shift from an emphasis on …

Since Taylor estimated a trade-off between inflation and output variance, it has been widely accepted that efforts to … keep the inflation rate “too low and stable” will likely result in relatively larger output fluctuations. Following the … generalized reduction in inflation variance in the 1990s, that concern was rekindled. This study estimates whether conditional …

for establishing the other building blocks of an inflation targeting framework. It argues that strengthening the … effectiveness of the current monetary policy framework will facilitate the adoption of inflation targeting over time. …

In recent years, the decline in inflation in Angola has stalled and further steps may be needed to attain the … digit inflation rate. A Vector Error Correction (VEC) model, which analyzes the factors that affect the inflationary process … in Angola, suggests that the inflation path has been largely affected by exchange rate movements. This implies that …

-rate policy fits a conventional forward-looking reaction function with an inflation target of about 1 percent. The disappointing … inflation target would not have yielded a lasting improvement in performance. However, a price-targeting rule or a policy rule … that combined a higher inflation target with a more aggressive response to output would have achieved superior …

. When the credibility of policymakers’ commitment to low inflation is firm, some degree of dirty floating, with little or no …

these policy instruments. It commits to higher money supply in the future so that the private sector expects inflation …

This paper provides an overview of statistical measurement issues relating to alternative measures of core inflation …