regime, we show that inflation target has helped in reducing the ERPT, with older regimes more successful than younger ones … fluctuations contribute to inflation instability …

This paper revisits the issue of determinants of inflation in India in a Phillips curve framework and makes two key … contributions in relation to existing studies. First, in the context of the Reserve Bank moving towards a flexible inflation … targeting framework based on consumer price index (CPI) inflation, this paper attempts to model dynamics of the CPI inflation …

relation where inflation dynamics depend on excess unemployment, a risk premium and the fraction of firms receiving financing … of bank managers confirms the importance of these variables for inflation dynamics …

Chile was the second country in the world to adopt inflation targeting (IT), setting its first annual target in … September 1990. IT was used as a device to bring inflation gradually down to a stationary 3% level. This paper analyzes four … reported in this paper shows that credibility grew as inflation targets were attained, that there is little “fear of floating …