This paper examines the inflation targeting experience in three transition countries: the Czech Republic, Poland and … with disinflation. A key lesson from the experience of the inflation targeting transition countries is that economic … the inflation target as much as avoiding overshoots. Also economic performance will be enhanced if inflation targeting …

Inflation targeting is implemented in different ways – most often by adopting point targets, by having tolerance bands …

The paper discusses how current inflation targeting should be modeled, and argues that it is better represented as a …

higher the proportion of foreign-currency-denominated debt, and the higher the price of risk. Under that outcome, inflation … targeting can clearly have perverse effects: An increase in the real interest in response to higher inflation leads to a real …

The paper extends previous analysis of closed-economy inflation targeting to a small open economy with forward … for monetary policy. The paper compares targeting of CPI and domestic inflation, strict and flexible inflation targeting …, and inflation-targeting reaction functions and the Taylor rule. The optimal monetary policy response to several different …

inflation - inflation forecast-based (IFB) rules. These rules aim to mimic current monetary policy practices among the inflation-targeting …-efficient. For these reasons, inflation-targeting rules with an explicitly forward-looking dimension are found to take us within …

This paper assesses inflation targeting in emerging market economies (EMEs), and develops applied prescriptions for the … conduct of monetary policy and inflation-targeting design in EMEs. We verify that EMEs have faced more acute trade-offs higher … stable institutions. At an operational level, we propose a procedure that a central bank under inflation targeting can apply …