Inflation targeting (IT) has become the dominant monetary policy framework around the world and most of the countries … member countries' readiness to adopt inflation targeting regime as recommended by the Authority of Heads of State and … dominance, weak fiscal positions, and external shocks which impaired its ability to sustainably subdue inflation to the desired …

the shift in central bank forecasts. The results are consistent with a regime, after the adoption of inflation targeting …Many central banks release inflation forecasts to reduce uncertainty; at the same time, an increasing number rely on a … publicly stated medium-term inflation target to help anchor expectations. We examine how the adoption of an inflation target …

Most emerging market central banks have adopted inflation targeting as their monetary policy system. The heart of … inflation targeting system is inflation expectations. The success of a central bank in achieving targets depends on to the … data of six emerging inflation targeting economies (Turkey, Brazil, the Czech Republic, Chile, Poland, and South Africa …

We study the inflation process in India, focusing on the periods before and after the adoption of flexible inflation … core inflation, an examination of the sensitivity of medium-term inflation expectations to inflation surprises, and the … properties of convergence between headline and core inflation. Results indicate an important role for domestic factors in driving …

optimal policy is a version of average inflation targeting: to offset periods when the ELB forces inflation below 2 …This paper derives the optimal monetary-policy rule in a simple model with anchored inflation expectations and an … effective lower bound (ELB) on interest rates, assuming a long-run inflation goal of 2%. With fully anchored expectations, the …