This article examines the performance of inflation targeters during the 2007-2012 downturn compared to those without … successful policy results in higher inflation and output growth, lower unemployment, and a better fiscal position. The analysis … is conducted separately for developed and emerging countries. Inflation targeting tends to insulate developed countries …

real depreciation of the rupiah, and rapid growth of base money, which resulted in inflation. Thus all prices rose, but …

case of inflation targeting where the monetary policy instrument is set after looking at the current values of inflation … hypothetical scenario of inflation targeting suggests a sharper response of the interest rate (monetary policy instrument) to …

This article looks at the preconditions that an emerging economy needs to fulfill, before it can adopt inflation … to the independent conduct of monetary policy. This study concludes that inflation band targeting with a wide target …

inflation in the long run, is a necessary and (under some extra mild restrictions on parameters) sufficient condition for … determinacy in a sticky price model with positive steady-state inflation, interest rate smoothing in monetary policy, partial …

-run restrictions model are used to identify the dynamic response of inflation and output to the monetary and exchange rate innovations …

We examine the effect of inflation variability and economic growth using annual historical data on both developing and … inflation variability by the five-year coefficient of variation of inflation, we obtain the following results: (1) For … developing countries, there is significant evidence to suggest that when the rate of inflation exceeds 10 percent inflation …

A puzzle from the Great Recession is an apparent mismatch between a fall in the persistence of European inflation rates …, and the increased variability of expert forecasts of inflation. We explain this puzzle and show how country specific … beliefs about inflation are still quite close to the European Central Bank target of 2% (what we call official target …

Central to the conduct of monetary policy are inflation forecasts. Inflation forecast are not unique. Central banks and … professional organizations generate inflation forecasts while households are surveyed about their inflation outlook. This paper … estimates inflation forecast disagreement for nine economies over the 1999-2009 period, five of which target inflation. I find …

sensitive to commodity (in particular foodgrain) prices. Hence, reducing consumer price inflation is likely to yield a rich …