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 …

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 …

In his 2004 inflation targeting manifesto, Marvin Goodfriend described US monetary policy as implicit inflation … targeting and advocated explicit targeting. Summarizing the 1965-2000 US inflation experience, he highlighted the importance of …, no conflict arises between flexible inflation targeting and maintaining/accumulating credibility. Second, implicit …

It is argued that “much of the variation in inflation is due to global factors such as imported goods and energy prices … of inflation may not be as transitory as was initially considered. As rightly argued, the extent and deviations of … experiences. To which it has to be added that the prevailing nature of inflation also necessitates a coordinated, cooperative …

inflation targeting affected households’ expectations. Starting with the day of the announcement, there is a very small uptick … different. When we provide randomly selected households with pertinent information about average inflation targeting, their … expectations still do not change in a different way than when households are provided with information about traditional inflation …

inflation targeting policy framework in the studied countries. …