remain somewhat subdued in the near term yet inflation seems set to increase. …

impact of monetary and exchange rate policies on inflation, including the nature of the lags involved. It reviews …

This paper explores the role of exchange rates in emerging economies with inflation-targeting regimes, an issue that … has become especially germane during the current episode of financial turmoil and volatile capital flows. Under inflation … targeting, the interest rate is the main monetary policy tool for influencing activity and inflation, and there is little …

This paper evaluates whether Georgia is ready to adopt inflation targeting (IT), a monetary policy framework that …

direct bearing on the ongoing efforts to move toward a fully fledged inflation-targeting regime and develop interest rates as …

low long-run inflation objective, operational independence for the People's Bank of China (PBC) with formal strategic … interest rate fluctuations). We argue that anchoring monetary policy with an explicit inflation objective would be the most … reliable way for the PBC to tie down inflation expectations, and thereby enable monetary policy to make the best contribution …

This paper discusses key findings of the Fifth Review Under the Poverty Reduction and Growth Facility for Georgia …. Despite economic sanctions imposed by Russia in 2006, Georgia’s economic growth continues to be strong, and inflation has … declined. Growth is expected to reach 9 percent in 2006 and to slow only moderately to 7–8 percent in 2007. Inflation was …