, Uganda (both de jure money targeters), and Ghana (a de jure inflation targeter), and compare the de facto adherence to …

a small macro model with NAIRU uncertainity under different assumptions about the way inflation expectations are formed … inflation expectations respond endogenuously policy credibility strengthens the case for forward-looking inflation forecast …

This is the fifth chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation-Targeting Regimes … can adopt an inflation-targeting regime and provides some empirical evidence on the matter. The issues analyzed are the … priority of inflation targeting over other goals, the absence of fiscal dominance, central bank independence, the degree of …

This paper is concerned with the design of institutional arrangements for low inflation in small open economies. In the …

inflation. Economies that exhibit oil dominance-a situation in which oil exports largely affect the main macroeconomic …

This is the second chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation …-Targeting Regimes: Saying What You Do and Doing What You Say." We begin by discussing the costs of inflation, including their role in … monetary anchor, the inflation-targeting regime, and its two key intellectual roots-the absence of long-run trade-offs and the …

inflation forecast targeting regime in Sri Lanka. The FPAS model provides a relatively good forecast for inflation and a … framework to evaluate policy trade-offs. The model simulations suggest that an open-economy inflation targeting rule can reduce … could aim to target a broad inflation range initially due to its susceptibility supply-side shocks while enhancing exchange …

inflation. …

The paper investigates the divergence between inflation and monetary expansion in Zimbabwe since late 2003. The … substantial decline in velocity and increasing levels of real money balances during 2004 are at odds with a record of inflation … such as repressed inflation (given administered prices) or measurement errors in the consumer price index. The results of …

This paper examines the relative importance of monetary factors and structuralist supply-side factors for inflation in … Pakistan. A stylized inflation model is specified that includes standard monetary variables (money supply, credit to the … that monetary factors have played a dominant role in recent inflation, affecting inflation with a lag of about one year …