The popularity of inflation targeting has risen in the last decade and the number of countries that adopted inflation … targeting as their monetary policy framework surpassed 40 by the end of 2016. This study analyzes whether inflation targeting … around the world has been successful in terms of achieving the announced target and keeping inflation rate around it. We …

Using a disaggregated-level CPI data, this paper compares convergence properties of regional inflation rates in a small …-open economy, Turkey, between pre-inflation-targeting and inflation-targeting periods, where the latter also corresponds to a … flexible exchange rate regime. It is found that during the inflation-targeting period, Turkish regional inflation rates have …

After 1980s, chronic inflation in Turkey has shaken the confidence in the domestic currency, and thus operating debit …-credit transactions through dollars. The aim of this study is to analyse the impact of exchange rate pass-through into inflation in both … with inflation targeting policy in an attempt to switch to the advanced economy, and to examine whether stabilization …

This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and …

Inflation differentials in the Euro area are mainly due to a sustained divergence of wage developments across the Euro … inflation using unit labour cost (ULC) growth and applying PANIC (Bai and Ng, 2004) and cluster procedures (Hobijn and Franses …