The article assessed the treatment effects of targeting inflation regime on the real output and consumer inflation … countries and covers inflation and non-inflation targeters over the period 1990–2017. The results showed that inflation … volatility. This study founded out that full-fledged IT had the effect of slowing down consumer inflation and reducing its …

stability. To contain domestic inflation these central banks absorb rather then provide liquidity in their regular monetary … policy operations. Based on an augmented Barro-Gordon framework we show that inflation targeting within an environment of … implementing sterilization costs into the central bank's objective function the inflation bias increases …

and a nominal income gap target perform better than benchmark Taylor rules in describing monetary policy in inflation …

policy, drive private agents’ inflation expectations and financial asset prices in the main countries of Central and Eastern … outlook – anticipates a more restrictive (accommodative) monetary policy decision, raises (lowers) short-term inflation …

Under a flexible inflation targeting regime, should policymakers avoid any reaction to movements in the foreign … exchange market? Using data for six advanced open economies explicitly targeting inflation, the paper examines empirically … monetary policy responses in inflation-targeting, open economies have changed significantly, as the institutional framework for …

optimally targets nominal income growth (NIT) or the change in the output gap (SLT) outperforms a regime that targets inflation … precommitment. We obtain a very different result when the analysis is extended to open-economy models. Flexible CPI-inflation … targeting outperforms both SLT and NIT and is the most robust targeting regime. The gains from targeting CPI inflation are …

finding is that only a forward-looking rule based on CPI inflation can account for frequently observed strong UIP violations …

Since the early 1990, when the Reserve Bank of New Zeeland instituted for the first time inflation targeting (IT) as … explicit exchange rate objective being quite problematic). The paper concludes that a soft version of inflation-targeting is …

provide the most efficient framework for reducing inflation …

varieties of crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with … inflation as the nominal anchor, a floating exchange rate, and the short-term interest rate as the main instrument. We examine …