official policy rates and those implied by three types of Taylor rules in both inflation targeting countries (the UK, Canada …

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 …

This paper reviews South Africa's monetary policy since 2007 and makes recommendations towards improving the inflation-targeting … enough and reduces the benefits that inflation targeting could otherwise provide. An eventual point target of 3 per cent …

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 …

then empirically assess the effect of both inflation-targeting and non-inflation-only targeting policies on inflation and … their volatilities in both 10 inflation-targeting (single-mandate) and 11 non-inflation-targeting (multiple … while the inflation-targeting countries effectively present a reduction in inflation and inflation volatility, the effects …

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 …