We construct an empirical test of whether the anticipation of adoption of inflation targeting affects the inflation … rate. We observe that most of the central banks adopt the regime after first achieving significant disinflation. With pre-inflation-targeting …-in-difference framework. We find that inflation targeting is successful in locking-in already low inflation rather than reducing high …

with the central issues in the present discussion on inflation targeting, such as the choice of price index to target, the … economists prepared the first practical guide to inflation targeting at the zero rate. The paper also considers the impact of the …

aggregate, in the ongoing flexible inflation targeting framework, as one of the essential information or indicator variables …

This paper considers average inflation targeting (AIT) policy in a New Keynesian model with adaptive learning agents … the low steady state with interest rates at the zero lower bound, AIT does not necessarily outperform standard inflation … targeting policy. Policymakers can improve outcomes under AIT by communicating the averaging window, or using an asymmetric rule …

level, the paradox can be recovered from the data generated under inflation-targeting regimes. By the same token, the …

policy is less eftcient and cannot implement the flexible-price allocation, inflation targeting and a floating exchange rate …

with an inflation-targeting regime. We investigate the impacts of foreign price shocks on income and inflation inequality …

Inflation Targeting Central Banks announce official inflation targets or forecasts and attempt to achieve price … Inflation Targeting. It is also evident that the short run inflation expectations have been anchored by policy …