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

to International Risk Sharing. When such shocks are important, the exchange rate appears alongside output and inflation …

This paper provides an empirical analysis of the causes of deviations of inflation from the CNB targets. In the short … create any major shocks contributing to the non-fulfilment of inflation targets, although its certain role cannot be excluded …

This paper provides an empirical analysis of the factors that caused deviations from the CNB’s inflation targets during … the first ten years of inflation targeting in the Czech Republic. While in the short term, shocks to agricultural producer … inflation targets, although some role thereof cannot be excluded either. …

. It is quite difficult to propose appropriate policies towards inflation targeting without quantifying the impact of … monetary policy rule toward an inflation targeting framework for Indonesia. The paper employs a small macroeconometric model … are quite high. We also find that in a small open economy such as Indonesia, it is difficult to implement inflation …

Moving to price-level targeting from inflation-rate targeting could be a sound option for the Bank of Canada after 2011 … balance between providing support to the still fragile economic recovery and avoiding a resurgence of inflation above its 2 … percent inflation target. …

1974-2008. We find, first, that newly appointed governors fight inflation more aggressively during the first four to eight … quarters of their tenure in an effort to establish a reputation for being inflation averse. Second, we find a significantly … stronger reaction to inflation by newly appointed governors working within monetary policy frameworks comprised of an at least …

and disadvantages of the various output gap measures. First, I examine the usefulness of the output gap for inflation …