inflationary policy than a high-credibility bank, in the sense that it induces higher inflation, but a less expansionary policy in … the sense that it induces lower inflation and employment than expected. …

Policy rules that are consistent with inflation targeting are examined in a small macroeconometric model of the US … imply implicit instrument rules, may be closer to actual operating procedures of inflation-targeting central banks. WE find … that inflation forecasts are central for good policy rules under inflation targeting. Some simple instrument and targeting …

We use the ten years of experience in inflation-targeting in New Zealand since 1989 to test whether monetary policy … appears to conform to the simple rules that have been recommended for it in the literature. Of the inflation targeting central …

investigates to what extent the quality of eligible collateral is able to explain inflation employing the first comprehensive … statistically significant correlation between QEC and average inflation is found. This result is robust to the use of control …

We examine whether models of inflation forecast targeting are consistent with the observed behaviour of the central … paths of variables targeted by the central bank, in particular inflation and the output gap. We estimate various moment … examine the extent to which and the manner in which these central banks successfully balance inflation and output objectives …

In this paper we examine some of the issues which will arise if the European Central Bank adopts "direct inflation …" targeting after the adoption of the single currency in Europe. One issue is how big the deviations in national inflation rates … form the European average might be. Another is the definition of the inflation rate to be targeted. …

these matters. These postulates are used to frame accounts of the Bretton Woods System and its collapse, the Great Inflation … success of inflation targeting. Though monetary policy seems rather successful at present, certain weaknesses in currently …