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 …

This paper assumes that a central bank commits itself to maintaining an inflation target and then asks what measure of … the inflation rate the central bank should use if it wants to maximize economic stability. The paper first formalizes this …

We develop a theoretical model that features a business cycle-dependent relation between out- put, price inflation and … inflation expectations, augmenting the model by Svensson (1997) with a nonlinear Phillips curve that reflects the rationale … pronounced convex relationship between inflation and the output gap, meaning that the coefficient in the Phillips curve on the …

rate regime (1973 - 1992) and the inflation targeting regime (1993 - 2022). Inflation in Sweden has been more stable under … the inflation targeting regime than under both the Bretton Woods system, and the pegged-but-adjustable exchange rate … regime. GDP growth was higher and more stable during the Bretton Woods System. We argue that inflation targeting was …

The purpose of this report is to derive lessons from inflation targeting in Sweden for the choice of the future … monetary policy regime of Iceland. Swedish inflation targeting has been a success in terms of reducing inflation and inflation …

define the inflation target explicitly in symmetrical terms. Environmental policy objectives can in principle be reconciled … while 'inflation targeting' offers a relatively simple navigation system for monetary policy discussions. …

An increasing number of countries have adopted inflation targeting since New Zealand first adopted this framework in … early 1990. Currently there are 21 countries using inflation targeting in every continent of the world. This paper discusses … the characteristics of these countries and how the adoption of inflation targeting has affected their economic performance …

determine the current inflation rate or price level. We conclude that the previous literature has either committed mathematical … involving infinity, we analyze inflation targeting (IT) in a typical rational-expectations, pure-exchange, general …