with inflation and inflation targeting. It examines several institutional aspects of inflation targeting and compares … Israel with other emerging market regimes. Various procedural issues associated with implementing an inflation …

adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union … credibility, and that a positive inflation target, as opposed to zero inflation, leads to higher and less volatile output. These … countries supports country-specific flexible inflation targeting. …

This Selected Issues paper examines the causes of recent inflation in Ethiopia and discusses possible policy responses …. Inflation in Ethiopia has reached a historical peak. Following a drought-related surge of food prices in 2003, it receded to … single digits but soon turned back up in 2004 and gradually increased. The paper provides an overview of recent inflation …

follows a rule that can be characterized as inflation targeting with a high degree of interest rate smoothing. During …

been based on discretionary targeting of broad money without any clear target to anchor inflation expectations. This paper … are required to strengthen the ability of the CBY in achieving low and stable rates of inflation over the medium term. …

This paper provides an overview of inflation targeting frameworks and macroeconomic performance under inflation … targeting. Inflation targeting frameworks are generally quite similar across countries, and a broad consensus has developed in … favor of "flexible" inflation targeting. The evidence shows that, although inflation target ranges are missed frequently in …

challenges in its conduct of disinflation policy. Ghana has historically experienced volatile and often high inflation rates. The … announcements of inflation reduction and policymaker aversion both to movements of output from its potential level and to …

This Selected Issues paper looks at short-term inflation dynamics in the new member states (NMS) of the European Union …, focusing on the role of monetary policy regimes. It models the determinants of inflation in the NMS and assesses how different … of NMS, evaluates their role in reducing inflation, and identifies some of their distinctive characteristics. The paper …

. Both the frequency and size of sales fall when local unemployment rates rise and yet the inflation rate for effective …