exchange rate regimes and in countries with a higher income. A low inflation environment, a prudent monetary policy, and a …

, and current account liberalization; and (ii) inflation and various determinants, including lagged inflation, the nominal … and the real exchange rate are significant determinants but not the exchange regime or liberalization; and for inflation …, the lagged inflation rate, nominal exchange rate, and the de facto regime are significant. Exchange rate pass-through is …

moderate and inflation high. Executive Directors have advised that the focus should be on reducing fiscal vulnerabilities …, lowering inflation, promoting a stronger and more competitive banking system, and creating a favorable environment for …

inflation. Unlike in the case of fuel-producing countries, the East African Community countries are major agricultural producers …

inflation targeting regimes. This paper finds that the interest-rate transmission mechanism, or the pass-through of the policy …

frameworks and some have implemented or are moving towards inflation targeting (IT) regimes. Strengthening the monetary policy …

This paper presents a model for Inflation Targeting under imperfect policy credibility. It modifies the conventional … time; non-linearities in the inflation equation and in the credibility generating process; and an explicit loss function …. The model highlights problems associated with the practice of setting a series of rigid near-term inflation targets. Also …