for establishing the other building blocks of an inflation targeting framework. It argues that strengthening the … effectiveness of the current monetary policy framework will facilitate the adoption of inflation targeting over time. …

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 …

This paper provides some practical advice on establishing initial conditions in support of an inflation …-targeting monetary framework. These conditions are divided into four areas: a mandate in support of an inflation objective and …

-2002, when flotation of the peso and inflation targeting were adopted. We argue, first, in favor of adopting "operational … inflation target ranges" and, second, in favor of strengthening the current scheme of foreign exchange options. The impact of …

low long-run inflation objective, operational independence for the People's Bank of China (PBC) with formal strategic … interest rate fluctuations). We argue that anchoring monetary policy with an explicit inflation objective would be the most … reliable way for the PBC to tie down inflation expectations, and thereby enable monetary policy to make the best contribution …

inflation and posed a price puzzle insofar their evolution was not responsive to record low interest rates, double digit … commodities inflation, and sharp exchange rate depreciation. Commodities prices were shown to be driven by one common trend … accelerating commodities price inflation, subsequent world recession, and financial disorder; or tighten monetary policy with …