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 …

inflation targeting is challenging as the country is going through a period of deep structural reforms. Therefore, the Central …

Inflation Targeting (IT) has become a prevalent monetary policy framework in the past three decades, as more central … countries and emerging markets economies, this paper evaluates the effects of inflation targeting countries’ track records on … targeting track record measures and establishes new stylized facts on the heterogeneity of inflation targeting countries …

policy, drive private agents’ inflation expectations and financial asset prices in the main countries of Central and Eastern … outlook – anticipates a more restrictive (accommodative) monetary policy decision, raises (lowers) short-term inflation …

New Fed guidance could deliver more inflation outcomes above the current inflation target …

This paper proposes new measures of the effectiveness of inflation targeting (IT) and evaluates its main drivers in a … methods, we find that IT has heterogeneous effects on inflation across countries. The gains shifting the level of inflation … out of three economies approximately. Second, statistically significant differences in keeping inflation close to target …

rate, fiscal activism can substantially outperform inflation targeting in the face of both demand shocks and technology … stabilizer and controls inflation, while monetary policy pegs the nominal interest rate. When evaluated through the lens of a …