The paper extends previous analysis of closed-economy inflation targeting to a small open economy with forward … for monetary policy. The paper compares targeting of CPI and domestic inflation, strict and flexible inflation targeting …, and inflation-targeting reaction functions and the Talyor rule. The optimal monetary policy response to several different …

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 …

The paper advances a simple and tractable Wicksellian model of inflation, in which the price level is determined by the …

analysis proves that a higher degree of central bank independence would statistically improve the inflation performance in the … entire region and in the two subsamples, basically by lowering the inflation rates level and decreasing volatility. Finally …

This study sought to identify the traditional and institutional inflation variables responsible for inflation … year. The study therefore concluded that inflation in Nigeria, during the studied period, was driven by the pass-through of … import prices to domestic prices via markup pricing by firms. This was aided by domestic inflation persistence. It is …