by using the BoE’s own inflation projections in our estimations. Also, we develop a novel measure of the output gap to … that feature in the Inflation Report. Our study provides some new insights into the BoE’s monetary policy behaviour. We … conditions and relatively more to inflation projections when the 2008-9 Global Financial Crisis and Great Recession period is …

This paper evaluates inflation forecasts made by Norges Bank which is a successful forecast targeting central bank. It … is expected that Norges Bank produces inflation forecasts that are on average better than other forecasts, both naive … terms of too high speed of adjustment to the inflation target is supported by the evidence. Norges Bank's forecasts are …

This paper outlines important lessons for monetary policy. In particular, the role of inflation targeting, which was … financial stability. Finally, this paper makes a case against increasing the central banks' inflation target. -- Inflation …

financial stability. For this purpose, monetary policy is described by a flexible inflation targeting regime using the interest …

agents' inflation expectations are influenced by a monetary authority which follows a price-level-targeting rule instead of a …

This paper studies the trade-offs that can arise between inflation targeting and financial stability objectives. We use … stability objectives as an additional macroeconomic policy increases the volatility of inflation. We identify cases in which the …