This paper explores the relationship between the constitutional entrenchment of central bank independence and inflation … by the "de jure" independence established in the central bank law, and inflation. We argue that the constitution is … constitution have a better inflation performance. …

associated with changes in growth and inflation. Coporate spreads are also a leading indicator of growth and inflation. While …

been based on discretionary targeting of broad money without any clear target to anchor inflation expectations. This paper … are required to strengthen the ability of the CBY in achieving low and stable rates of inflation over the medium term. …

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

We develop a semi-structural new-Keynesian open-economy model, with separate food and non-food inflation dynamics, for …-relevant exercises. First, we filter international and Kenyan data (on output, inflation and its components, exchange rates and interest … inflation. Third, we perform an out-of-sample forecast to identify where the economy—and therefore policy—was likely headed …

toward an increase in expected inflation falls as debts increase beyond a certain threshold level. A debt …-constrained interest rate rule and the threshold level of debt are jointly estimated for Canada during the first decade of its inflation … loose than what inflation indicators called for. …