inflation combined with a free float seems to be the ultimate option. The paper shows how to design and operationalize such a …

-side flexibility are indeed the main channel through which monetary policy lowers the volatility of inflation and, even more …

Extending recent theoretical contributions on sources of inflation inertia, we argue that monetary uncertainty accounts …

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

After a long period of global price stability, in 2008 inflation increased sharply following unprecedented increases in … the price of oil and other commodities, notably food. Although inflation remained lower and growth higher in inflation … world slowdown helped avert the worse, but inflation stayed high in many inflation targeting countries. This paper uses a …

The Maastricht inflation criterion, designed in the early 1990s to bring "high-inflation" EU countries in line with … "low-inflation" countries prior to the introduction of the euro, poses challenges for both new EU member countries and the … European Central Bank. While the criterion has positively influenced the public stance toward low inflation, it has biased the …

, Uganda (both de jure money targeters), and Ghana (a de jure inflation targeter), and compare the de facto adherence to …

adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union … credibility, and that a positive inflation target, as opposed to zero inflation, leads to higher and less volatile output. These … countries supports country-specific flexible inflation targeting. …