Using a small empirical model of inflation, output, and money estimated on U.S. data, we compare the relative … performance of monetary targeting and inflation targeting. The results show that monetary targeting would be quite inefficient …, with both higher inflation and output variability. This is true even with a deterministic money demand formulation. In this …

Starting in the mid 1980s, the level and volatility of inflation decreased across industrial countries. The inflation … test the "good luck hypothesis", we examine the inflation experience of Canada, one of the earliest and most successful … adopters of an inflation targeting monetary policy. We Kalman-filter the historical structural shocks consistent with an …

possibility of implementing Inflation Targeting (IT) regime in Sierra Leone. Using monthly time series data spanning 2010M1 - 2021 …

-level stability and low (including zero) inflation and the decisions about the price index, the quantitative target and the role of … a "commitment to a simple instrument rule" (like a Taylor Rule), "forecast targeting" (like inflation-forecast targeting … against inflation-forecast targeting are scrutinized and found unconvincing …

Using a small empirical model of inflation, output, and money estimated on U.S. data, we compare the relative … performance of monetary targeting and inflation targeting. The results show that monetary targeting would be quite inefficient …, with both higher inflation and output variability. This is true even with a deterministic money demand formulation. In this …

This study analyses the aspect of inflation expectations management in the context of inflation targeting by … particularly focusing on the impact of exchange rate pass-through to inflation expectations in a small open economy. We also … augment the inflation expectations function with GDP, inflation, unemployment, fiscal stance, oil prices, and money supply …

This paper aims at assessing the impact of inflation targeting on actual inflation when considering inflation … perceptions together with interrelated inflation expectations, modifying the seminal papers of Barro and Gordon (1983a and 1983b …). The modeling of inflation perceptions and of inflation expectations follows suggestions of recent literature, but also …

Emerging economies with inflation targets (IT) face a dilemma between fulflling the theoretical conditions of "strict …

Emerging economies with inflation targets (IT) face a dilemma between fulfilling the theoretical conditions of "strict …