We propose a novel framework to gauge the credibility of central banks' commitment to an inflation-targeting regime … inflation targeting makes economic agents change their perception about central bank decisions. Specifically, using the Reserve … Bank of India's adoption of inflation targeting in 2015 as a laboratory, we apply two different approaches to estimate a …

This paper analyses the impact of central bank interven-tions in the inflation targeting regime. The results of …, inflation is lower. As a result of lower price growth, the need for a monetary policy response to an interest rate is also lower …

The theoretical foundation of inflation targeting was laid out by the Swedish economist Knut Wicksell (1851-1926) in … as the rule for monetary policy. Today, inflation targeting is considered the best-practice approach to monetary policy …, inflation targeting has recently been the subject of several objections. Most prominently, the focus on consumer price stability …

average inflation targeting (AIT). Inflation expectations significantly increase for the treated individuals. When provided … with additional information about near-term inflation, individuals update their expected inflation path in line with the … difference in medium-term inflation expectations from our survey results. Under AIT, inflation is substantially less volatile and …

International Cooperation).Inflation targeting has become a popular monetary policy framework for the pursuit of price stability … inflation targeting, while others implicitly follow the practice without declaring so. Price stability has, of course, been an … important objective for central banks long before the recent enthusiasm for inflation targeting. But inflation targeting goes …

Targeting (FAIT) strategy in August 2020. Using synthetic control methods, we document that U.S. inflation rose post …One major outcome of the Federal Reserve’s 2019–20 framework review was the adoption of a Flexible Average Inflation … explore the extent to which targeting average inflation delayed the Fed’s response and contributed to post-FAIT inflation, we …

Targeting (FAIT) strategy in August 2020. Using synthetic control methods, we document that U.S. inflation rose post …One major outcome of the Federal Reserve's 2019-20 framework review was the adoption of a Flexible Average Inflation … explore the extent to which targeting average inflation delayed the Fed's response and contributed to post-FAIT inflation, we …

average inflation targeting (AIT). Inflation expectations significantly increase for the treated individuals. When provided … with additional information about near-term inflation, individuals update their expected inflation path in line with the … difference in medium-term inflation expectations from our survey results. Under AIT, inflation is substantially less volatile and …

policy with average inflation targeting and investigate the conditions for determinacy. A unique equilibrium rules out … sunspot shocks that can lead to self-fulfilling shocks for inflation expectations. We find limitations for the length of the …

The theoretical foundation of inflation targeting was laid out by the Swedish economist Knut Wicksell (1851-1926) in … as the rule for monetary policy. Today, inflation targeting is considered the best-practice approach to monetary policy …, inflation targeting has recently been the subject of several objections. Most prominently, the focus on consumer price stability …