Transparency is a central element in most aspects of the design and operation of inflation targeting regimes. This … paper focuses on three elements of inflation targeting most closely associated with transparency: (i) the institutional … arrangements supporting inflation targeting; (ii) the specification of the inflation target; and (iii) the central bank's policy …

This paper examines the international experience with full-fledged inflation targeting monetary regimes. Stylized facts … are brought together from a review of the institutional elements of inflation targeting frameworks, a comparison of actual … and targeted inflation outcomes, and case studies of large inflation target misses. Inflation targets are missed about 40 …

inflation and a measure of the domestic output gap. …

The ECB's objective of medium-term inflation below 2 percent has been portrayed by critics as ambiguous, asymmetric … that: (1) in terms of guiding inflation expectations and policymaking, the current definition has functioned much as would … an inflation target centered on 1 1/2-1 3/4 percent; (2) the absence of a specific (point) target for medium …

This is the tenth chapter of a forthcoming monograph entitled, "On Implementing Full- Fledged Inflation … introduction and implementation of inflation targeting regimes. It discusses their motivation for introducing IT; how they fared in …

This paper evaluates whether Georgia is ready to adopt inflation targeting (IT), a monetary policy framework that …

lowering inflation. Such recent developments have brought to the forefront the idea that freely mobile capital, independent … all three. Inflation-targeting regimes being adopted by many countries provide a way of resolving this dilemma. …

-looking specifications, especially when targeting core components of GDP and inflation, and combine the best parts of efficiency and …