in setting interest rates using quarterly data, covering the period since inflation targeting was formally adopted in … 2000. The classic Taylor rule is modified to determine whether the South African Reserve Bank takes into account inflation … Reserve Bank's policy rate decisions respond to expected inflation (rather than current inflation), and its relationship to …

inflation-targeting regime 19932002 with the policies implied by certain simple instrument rules. Calibrated rules that are … describe monetary policy about equally well. A close reading of various policy documents, e.g., Inflation Reports, minutes from …

This paper shows that announced credible disinflations under inflation targeting lead to a boom in a standard New …