Search Results - subject:"Inflation Targeting"

The Establishment of the Inflation Target and the Corridor of Fluctuations of the Target : Analysis of World Trends and Practice in Ukraine

Shapran, Vitaliy; Britchenko, Igor - 2021

inflation target fluctuations. Inflation targeting is an important attribute of the monetary regime of inflation targeting, its … main quantitative parameter. The tendency of the inflation targeting regime in 70 countries all over the world are … considered, of which 41 countries have official recognition by the International Monetary Fund (IMF) regarding the inflation …

Persistent link: https://www.econbiz.de/10013313498

Inflation Targeting and Debt : Lessons from Brazil

Favero, Carlo A.; Giavazzi, Francesco - 2021

Studying the recent experience of Brazil the paper explains how default risk is at the centre of the mechanism through which an emerging market central bank that targets inflation might lose control of inflation--in other words of the mechanism through which the economy might move from a regime...

Persistent link: https://www.econbiz.de/10013313682

The Case for a Positive Euro Area Inflation Target : Evidence from France, Germany and Italy

Adam, Klaus; Gautier, Erwan; Santoro, Sergio; Weber, Henning - 2021

Using micro price data underlying the Harmonized Index of Consumer Prices in France, Germany and Italy, we estimate relative price trends over the product life cycle and show that minimizing price and mark-up distortions in the presence of these trends requires targeting a significantly positive...

Persistent link: https://www.econbiz.de/10013313732

Price Stability as a Target for Monetary Policy : Defining and Maintaining Price Stability

Svensson, Lars E. O. - 2021

This paper discusses how price stability can be defined and how price stability can be maintained in practice. Some lessons for the Eurosystem are also considered. With regard to defining price stability, the choice between price-level stability and low (including zero) inflation and the...

Persistent link: https://www.econbiz.de/10013313767

Central bank transparency and disagreement in inflation expectations

Yoneyama, Shunichi - 2021

Persistent link: https://www.econbiz.de/10013471155

Monetary policy transmission in Georgia : empirical evidence

Gadelia, Sergo; Mdivnishvili, Tamar; Mkhatrishvili, Shalva - 2021

Persistent link: https://www.econbiz.de/10013414870

Monetary Policy Surprises and Inflation Expectation Dispersion

Grigoli, Francesco; Gruss, Bertrand; Lizarazo, Sandra - 2021

Anchoring of inflation expectations is of paramount importance for central banks' ability to deliver stable inflation and minimize price dispersion. Relying on daily interest rates and inflation forecasts from major financial institutions in the United States, we calculate monetary policy...

Persistent link: https://www.econbiz.de/10013252031

India's Inflation Process Before and after Flexible Inflation Targeting

Blagrave, Patrick; Lian, Weicheng - 2021

We study the inflation process in India, focusing on the periods before and after the adoption of flexible inflation-forecast targeting (FIT) in India. Our analysis uses several approaches including standard Phillips curve estimation for headline and core inflation, an examination of the...

Persistent link: https://www.econbiz.de/10013252032

Inflation Targeted P/E

Rowles, Shaun - 2021

Higher than average Price-to-Earnings (P/E) ratios and Cyclically-Adjusted Price-to-Earnings (CAPE) ratios have been tolerated by investors recently on the basis of low interest and inflation rates. This white paper debates how much premium should be acceptable using an inverse percentile-based...

Persistent link: https://www.econbiz.de/10013252246

Asset Prices in a Flexible Inflation Targeting Framework

Cecchetti, Stephen G.; Genberg, Hans; Wadhwani, Sushil B. - 2021

We argue that there are sound theoretical reasons for believing that an inflation targeting central bank might improve … emphasize that our proposal is wholly consistent with the remit of most inflation-targeting central banks, as we are …

Persistent link: https://www.econbiz.de/10013252297