This document proposes a general macroeconomic framework to analyze the behavior of inflation. This approach has two … price level. When all shocks have a permanent impact, the regime determines the inflation rate, as in inflation targeting … cause the rate of inflation or the price level. With this, a new perspective on four different historical cases emerges. One …

**The following is a description of the paper and not the actual abstract.** Inflation targeting is shown to imply … inflation forecast targeting: the central bank's inflation forecast becomes an explicit intermediate target. Inflation forecast … quickly the inflation forecast is adjusted towards the inflation target. Money growth or exchange rate targeting is generally …

This study examines the impact of various monetary policy regimes on the ability to lower inflation and exchange rate … policy framework of flexible targeting of relative inflation risk premium that is believed to be credible and useful for … managing these two categories of risk. A model of inflation and exchange rate risk premiums within the context of inflation …

income growth targeting versus optimal inflation targeting. When the economy under consideration is mainly subject to shocks … that do not involve monetary policy trade-offs for society, inflation targeting is preferable. Otherwise, nominal income … growth targeting may be superior because it induces inertial interest rate behavior that improves the inflation-output gap …

In a standard New Keynesian model, a myopic central bank concerned with stabilizing inflation and changes in the output … stabilizing output gap changes, the central bank imparts inertia into output and inflation that is absent under pure discretion … social outcomes if it focuses on inflation and changes in the output gap than are achieved under inflation targeting. …

The objective of this paper isto investigate the impact of inflation targeting strategy on monetary policy transmission … inflation targeting countries and 20 non-inflation targeting countries. This study implies Generalized Method of Moments (GMM …) for empirical investigation. The evaluation of transmission mechanism in the presence of inflation targeting strategy by …

This paper analyses the effects of two alternative monetary strategies (exchange rate targeting and inflation targeting … that countries in exchange rate targeting have a higher rate of GDP growth and lower inflation rate. In order to test the … related to exchange rate targeting, the effects of the introduction of inflation targeting in the unemployment rate were also …

conclusions include: (1) There is little evidence that inflation targeting affects performance in advanced economies, but some …