a very low coefficient on inflation, which minimizes real wage volatility. The welfare gains of optimizing the fiscal …

This paper classifies countries that define their monetary policy framework by an inflation target into full …-fledged inflation targeters, eclectic inflation targeters and inflation targeting lite regimes. This classification is based on … indicators of the clarity and credibility of the commitment to the inflation target. The three regimes can be viewed as …

This 2003 Article IV Consultation for Hungary highlights that developments in growth and inflation were broadly … 2002 from 3.0 percent in the first half. Headline inflation declined from its recent peak of 10.8 percent in May of 2001 to …

This paper discusses key findings of the Third Review for Peru and Inflation Consultation Under the Stand …-By Arrangement. All performance criteria for end-December 2007 and end-March 2008 were observed, but inflation in March exceeded the … upper limit of the program’s consultation band around the official inflation target range. The end-March structural …

household welfare. However, remittances increase the correlation between labor and output, thereby producing a more volatile …

Turkey’s Fifth Review and Inflation Consultation under the Stand-By Arrangement and a Request for Waiver of …

This paper addresses the question of why inflation has not yet converged to price stability in Central America and the … that all central banks raise interest rates to curtail inflation but only some of them increase it sufficiently to … effectively tackle inflation pressures. It also shows that some central banks care simultaneously about exchange rate stability …