In this paper we examine the macroeconomic stability in a simple dynamic open economy model, in which monetary … authorities adopt an flexible inflation-targeting regime in an environment with a liberalised capital account and flexible … exchange rates. In this respect, inflation targeting is an essential part of a three-part policy (or trinity) that also …

Using a New Keynesian small open economy model, we examine the effects of central bank transparency on inflation …

government to reduce taxes and public expenditures, leading hence to lower inflation and output distortions. This effect could …

stability under inflation-targeting regime with low flexibility can generate dynamic instability and will not be able to … and credible nominal anchor for private inflation expectations and allows the system to be more stability prone. …Using an aggregate dynamic macroeconomic model, we study the macroeconomic and financial stability under flexible …

effect of tax is relatively important, more opacity might induce higher level and volatility of inflation when the central … other’s effects on the level and volatility of inflation. Transparency is generally a better strategy when the central bank …

opacity, on the level and variability of inflation and output gap. In the case where the public investment is not sufficiently …

'intérêt optimale les cours boursiers. Nous montrons que lorsque la Banque Centrale a une forte aversion pour l'inflation en attribuant … un poids important à l'objectif de l'inflation par rapport à celui de l'output (le cas d'un banquier « conservateur » au …'intérêt optimale de la Banque Centrale n'est pas à l'origine de l'instabilité. (English)This paper examines the macroeconomic stability …

variability of inflation and output, independently of institutional quality. Our results are robust under alternative game …

établissant leurs liens avec le cycle économique (croissance et inflation). Nous proposons ensuite, tout en apportant quelques … la politique dans une période caractérisée par une faible inflation et une forte volatilité. Après avoir comparé les …