, in a strict inflation targeting regime the use of forward-looking data leads to a lower quality of monetary policymaking … especially in a strict inflation targeting regime. …

, in a strict inflation targeting regime the use of forward-looking data leads to a lower quality of monetary policymaking … especially in a strict inflation targeting regime. …

potentially mis-specified. Under a regime of strict inflation targeting, conventional MCIs are unreliable indicator variables or … limitations of a standard MCI under strict inflation targeting. The policymaker can circumvent these limitations by redefining the …