's experience with 'inflation targeting lite' as described in Stone (2003). It finds that this monetary policy regime has been … associated with a general reduction in inflation, principally through a reduction in inflation expectations. The credibility the … Bank of Mauritius has established with its 'inflation targeting lite' regime has allowed it to shift from an emphasis on …

of inflation rates to decline to targeted levels during many disinflation programs? This paper assesses the relative … data, we find that expectations of future inflation play a much more important role than past inflation in shaping the … inflation process. We also find that an improvement in primary fiscal balances significantly reduces inflation expectations …

This paper pursues a computationally intensive approach to generate future inflation, followed by an exploration of the … determinants of inflation expectations by estimating a new Keynesian type Phillips curve that takes into account country … indicate that high and climbing inflation could easily seep into people’s anticipation of future inflation and linger. There …

fixed exchange rate regimes, while trend real appreciation makes the combination of low inflation and exchange rate … alternative monetary framework, inflation targeting. …

This paper estimates a small open economy model for Egypt to analyze inflation, output dynamics and monetary policy … markets and a gradual move towards inflation targeting can help support a successful disinflation strategy for Egypt. …

Turkey’s Fifth Review and Inflation Consultation under the Stand-By Arrangement and a Request for Waiver of …

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

Globalization operates not only by reducing domestic pressures on inflation but also by reducing the scope of domestic … authorities to influence the pace of inflation. First, as markets are integrated, the common, cross-border sources of inflation … increase, reducing the extent of domestically-generated inflation. Based on a methodology identifying common time and sectoral …

This is the third chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation-Targeting Regimes …: Saying What You Do and Doing What You Say." It examines a number of elements in the design of an inflation …-targeting framework. These include the definition of the target variable, the relevance of core measures of inflation, and the advantages …