This paper studies the effects of the monetary policy regime shift to inflation targeting on the stochastic properties … shifts with the monetary policy regime change to inflation targeting in October 1992. The mean-reverting level of the real … interest rate has decreased from 5.1% to 2.3% per annum with the change in monetary policy to inflation targeting. In addition …

inflation targeting, with short-term flexibility, based on a more discretionary and pragmatic approach to monetary policy. The … discretion and rigidly defined short-term inflation targeting. …

of flexible inflation targeting (price stability and the highest sustainable employment), including keeping average … inflation over a longer period on target; (2) not adding household debt as a new (intermediate) target variable, in addition to … inflation and unemployment – not “leaning against the wind,” which is counterproductive, but leaving any problems with household …

Emerging market and developing economies (EMDEs) have experienced an extraordinary decline in inflation since the early … 1970s. After peaking in 1974 at 17.3 percent, inflation in these economies declined to 3.5 percent in 2017. Despite a … checkered history of managing inflation among many EMDEs, disinflation occurred across all regions. This paper presents a …

particular the aim of price stability, understood as low and stable inflation. Design/Research methods: The article was prepared … inflation reduces uncertainty about future price developments. This facilitates decision-making for companies concerning …

Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …

financial stability. For this purpose, monetary policy is described by a flexible inflation targeting regime using the interest …

This paper estimates the effects of inflation targeting (IT) adoption over inflation dynamics using a wide control … counterfactuals to the actual inflation targeters. With this approach we find that IT has helped in reducing the level and volatility … of inflation in the countries that adopted it. This result is robust to alternative definitions of treatment and control …

This article theoretically and empirically investigates the determinants of inflation in a sample of 83 countries …, including countries that adopt an inflation targeting regime (ITR) and countries that do not, for the period 2000 to 2021. The … rates, food and energy - causing a rise in inflation and bringing recessive effects that may be more pronounced in ITR …