inflation factors and the overall forecast risk; in contrast, the bulletin's communication on monetary shocks has a negative …

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 …

frameworks and some have implemented or are moving towards inflation targeting (IT) regimes. Strengthening the monetary policy …

This paper extends a small linear model of the Israeli economy to allow for nonlinearities in the inflation …

levels. This paper reviews Turkey’s policy performance in terms of growth, inflation, debt, fiscal and financial sector …

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 …

is tailored to assessing the impact of domestic as well as external shocks on inflation within an inflation targeting … integrate the short-term inflation outlook into a consistent medium-term framework and to design the policy response for various … shocks that affect inflation. …

in CBI have tended to occur in more democratic countries and in countries with high levels of past inflation. More … inflation. We also find that enhanced transparency practices are associated with the private sector making greater use of …

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 …