Following the Asian financial crisis in 1997-98, a number of Asian central banks adopted inflation targeting. While it … is possible for the average inflation rate to be close to target, deviations of inflation could nevertheless be large and … protracted. We therefore explore how successful this framework has been by looking at the persistence of inflation, as measured …

Following the Asian financial crisis in 1997-98, a number of Asian central banks adopted inflation targeting. We … explore how successful this framework has been by looking at the persistence of inflation, as measured by the sum of the … coefficients in an autoregressive model for inflation, using a median unbiased estimator and bootstrapped confidence bands. We find …

Following the Asian financial crisis in 1997-98, a number of Asian central banks adopted inflation targeting. While it … is possible for the average inflation rate to be close to target, deviations of inflation could nevertheless be large and … protracted. We therefore explore how successful this framework has been by looking at the persistence of inflation, as measured …

Following the Asian financial crisis in 1997–1998, a number of regional central banks adopted inflation targeting …. While it is possible for the average inflation rate to be close to target, deviations of inflation could nevertheless be … large and protracted. We therefore explore how successful this framework has been by looking at the persistence of inflation …

objective defined as (any rate of) CPI inflation below 2 percent. We contrast this framework with inflation targeting strategies … reacts in much the same way as inflation targeting central banks. The recent sharp reduction in the policy rate is consistent …

objective defined as (any rate of) CPI inflation below 2 percent. We contrast this framework with inflation targeting strategies … reacts in much the same way as inflation targeting central banks. The recent sharp reduction in the policy rate is consistent …

objective defined as (any rate of) CPI inflation below 2 percent. We contrast this framework with inflation targeting strategies … reacts in much the same way as inflation targeting central banks. The recent sharp reduction in the policy rate is consistent …

Following the Asian Financial Crisis in 1997-98, a number of regional central banks have adopted inflation targeting …. We explore how successful this framework has been by looking at the persistence of inflation as measured by the sum of … the coefficients in an autoregressive model for inflation using Hansen's (1999) median unbiased estimator. In contrast to …

The Kydland-Prescott, Barro-Gordon inflation bias result relies on the presumption that policymakers aim at achieving a … of realism. We show that even if policymakers are content with the normal level of employment there is an inflation bias … employment below the normal level than to policy misses leading to employment above it. This new view of the inflation bias …