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

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

This paper discusses the role of foreign exchange interventions in the inflation-targeting regime, focusing on the … Czech experience since 1998. It concludes that the case for foreign exchange interventions is not clear in an inflation … effectiveness. Third and most importantly, the interventions may lead to tensions with the philosophy of the inflation targeting …

The objective of the paper is to offer a critique on the theoretical and empirical literature on inflation targeting … (IT). It seems to exist a consensus in the theoretical literature that this monetary regime reduces both inflation and …

operating under an inflation-targeting regime during the convergence process before entering the euro area. The threat of …

This paper discusses the role of foreign exchange interventions in the inflation-targeting regime, focusing on the … Czech experience since 1998. It proposes criteria for assessing whether the interventions are consistent with the inflation … procedures guiding the interest rate decisions under the inflation targeting regime, which may occasionally create tensions in …

permanent shifts of the exchange rate and the price level if a central bank anchors long-run inflation expectations. In line …-run price level target rather than a long-run inflation target avoids these permanent shifts of the exchange rate and the price …

This paper contributes to a better understanding of how inflation targets are set. First, we gather evidence on how … inflation targets are set from official central bank and government publications and from a questionnaire of our own design …. Second, we estimate the determinants of the level of the inflation target in 19 inflation-targeting countries using …

This paper aims to contribute to a better understanding on how inflation targets are set. For this reason, we first … inflation targets are set; we then estimate the determinants of the level of inflation target in 19 inflation targeting … than as a point). Inflation targets are found to reflect macroeconomic fundamentals. Higher level as well as higher …

This paper aims to contribute to a better understanding on how inflation targets are set. For this reason, we first … inflation targets are set; we then estimate the determinants of the level of inflation target in 19 inflation targeting … than as a point). Inflation targets are found to reflect macroeconomic fundamentals. Higher level as well as higher …