-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 …

Using a small empirical model of inflation, output, and money estimated on US 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 nonstochastic money demand formulation. Our results …

-level stability and low (including zero) inflation and the decisions about the price index, the quantitative target and the role of … commitment to a simple instrument rule (like a Taylor rule), forecast targeting (like inflation-forecast targeting) and … model uncertainty can be incorporated. Eurosystem arguments in favor of its money-growth indicator and against inflation …

year and a half as Deputy Governor at Sveriges Riksbank regarding (1) flexible inflation targeting, (2) the role of … transparency in inflation targeting and committee decisions on instrument-rate paths, (3) the management of interest … transparency and flexible inflation targeting that I believe would be desirable. …