There is no unifying framework for evaluating core inflation measures, so we propose a methodological framework to … close this gap. It allows us to construct, evaluate, and rank core inflation measures by applying it to countries and … the usual indicator that excludes food and energy, which is the most widespread measure of core inflation among central …

particular the turn to inflation targeting. Monetary Policy Strategy describes his work over the last ten years, offering …; central bank accountability; the rationale for inflation targeting; the optimal inflation target; central bank transparency …

particular the turn to inflation targeting. Monetary Policy Strategy describes his work over the last ten years, offering …; central bank accountability; the rationale for inflation targeting; the optimal inflation target; central bank transparency …

accountability through transparency leads to a lower expected rate of inflation and less stabilization of supply shocks …

developed economies to raise economic growth and inflation in the aftermath of the Global Financial Crisis. These programmes can …

We study the characteristics of inflation targeting as a shock absorber, using quarterly data for a large panel of … natural disasters. We find that inflation targeting improves macroeconomic performance following such exogenous shocks. It … lowers inflation, raises output growth, and reduces inflation and growth variability compared to alternative monetary regimes …