high degree of exchange rate pass-through to headline inflation and the weak monetary transmission mechanism in PICs … suggest a greater efficacy of exchange rate changes in affecting inflation rather than monetary policy. To assess the tradeoff … rate changes and headline inflation and the low interest rate sensitivity of aggregate demand. …

business cycle variance and about 25 percent of the variance of inflation. …

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

In recent years, the decline in inflation in Angola has stalled and further steps may be needed to attain the … digit inflation rate. A Vector Error Correction (VEC) model, which analyzes the factors that affect the inflationary process … in Angola, suggests that the inflation path has been largely affected by exchange rate movements. This implies that …

In the near future, Romania will introduce inflation targeting and fully liberalize its capital account. This paper … central bank loss function containing the deviations of inflation, output, and the real exchange rate from their equilibrium …

with different degrees of liability dollarization. The paper answers the question of how efficient it is to use inflation …

for Brazil, Mexico, and Turkey reveal such responses, both contemporaneously and over time. Capital account shocks are … further shown to affect output growth and inflation. The nature and magnitude of these effects may depend on the exchange rate …

considers inflation targeting in a small open economy. This economy is characterized by imperfect competition and short … inflation targeting on output and inflation volatility depend crucially on the exchange rate regime and the inflation index … nominal shocks the reverse is true. Second, domestically generated inflation targeting is preferable to CPI inflation …