An inflation targeting central bank aims to stabilize the rate of inflation. But which 'inflation' should this be … and increasing the weight on output stabilization in the central bank's objective function. The analogy between inflation … targeting with an infinite-period target and price level targeting is also examined …

plays a role, they have an incentive to lie. This paper studies the way inflation targeting affects the incentives the … the economy and the public is uncertain about the central bank's preferences. While inflation targeting in the absence of …

Inflation targeting (IT)--a policy framework that directly targets an explicit inflation goal has gained widespread … attention recently as it has been adopted by several OECD countries. The paper examines the British inflation targeting …