extent to which it is similar to inflation targeting as practiced by an increasing number of central banks. I examine the …

-focus strategy and the inflation targeting approach recently adopted by a number of central banks. We show that, holding constant the …

criterion of the kind discussed in familiar proposals for flexible inflation targeting.' Optimal rules, however, require that …

examines the adoption, operational design, and experience of inflation targeting as a framework for monetary policy in the … operation of the long-standing German monetary targeting regime, which incorporated many of the same features as later inflation-targeting … operational questions emerges from this comparative study, suggesting some lines of best practice for inflation-targeting …

This paper deals with the relationship between inflation targeting and exchange rates. I address three specific issues …: first, I analyze the effectiveness of nominal exchange rates as shock absorbers in countries with inflation targeting. This … volatility is different in countries with an inflation targeting regime than in countries with alternative monetary policy …