-looking monetary policy, especially inflation targeting. The latter can to a large extent instead be seen as inflation …-forecast targeting, setting the instrument so that the corresponding conditional inflation forecast is consistent with the inflation … target. It is argued, both from a descriptive and a prescriptive perspective, that inflation targeting is better understood …

changes while after October 2000, when inflation targeting was of ficially adopted, monetary policy reacted only statistically … to changes in the inflation rate. The latter regime is consistent with the Taylor principle as shown analytically and …

economies have given up monetary policies using exchange rates as a nominal anchor and inflation targeting has become a new … Asian Pacific, Latin American and Turkish economies which implemented inflation targeting, but have different dollarization … and inflation episodes. Panel VAR approach was used in the analysis. Our findings show that exchange rate pass …

The paper discusses the choice between inflation targeting and monetary targeting as a strategy for the Eurosystem, the … the Eurosystem. The choice between inflation targeting and monetary targeting is, in effect, a choice between high and low … transparency. Inflation targeting and monetary targeting, in practice, imply similar policy decisions, but monetary targeting …

-looking monetary policy, especially inflation targeting. The latter can to a large extent instead be seen as inflation …-forecast targeting, setting the instrument so that the corresponding conditional inflation forecast is consistent with the inflation … target. It is argued, both from a descriptive and a prescriptive perspective, that inflation targeting is better understood …

important tools for government to influence the economy. Exchange rate and inflation are believed to be the most appealing … studies on the effect of exchange-rate arrangements and inflation targeting on economic growth suffer from the absence of a … results consistently support that an inflation targeting regime has a positive impact on economic growth when compared with an …

of two well-defined monetary policy regimes, namely exchange-rate targeting and inflation targeting regimes, on bilateral … and multilateral trade. Our result suggests a moderate positive effect of inflation targeting policy on bilateral trades … between two inflation targeting countries. This effect of inflation targeting, even much moderate than the effect of currency …

Inflation targeting is a forward-looking framework for monetary policy that has brought unprecedented transparency to …) Monetary Policy Committee (MPC) has, since the introduction of inflation targeting, successfully communicated to the public its …

large, but finite horizon and concludes that inflation targeting leads to price indeterminacy even with a Taylor …

This Paper argues that inflation-targeting central banks should announce explicit loss function with numerical relative … inflation and output-gap forecasts. Simple voting procedures for forming the Monetary Policy Committee’s aggregate loss function … inflation targeting and eliminates some misunderstandings of the meaning of ‘flexible’ inflation targeting. Using time …