This article focuses on inflation targeting (hereafter IT) as a superior monetary policy strategy for attaining price … inflation targeting and also examines the IT experiences of some industrial and emerging markets. The growing body of empirical …

of credibility. The theory of divine coincidence which says that, only by stabilizing inflation the monetary authority … also stabilizes the economy without being a target, does not seem applicable in practice. This critique of inflation … measures and successfully control inflation which reaches in most cases around 2 percent. They are provided as credibility and …

to their increase, an unanticipated hike in policy rate has no impact on them. The impact on inflation is also symmetric … neutral to components of aggregate demand and, thus, on inflation, ranging from 6.25 per cent to 7.0 per cent. …

Studies on Malaysia monetary policy mostly examine the effect of monetary policy change on output and inflation in … study on the effect of policy change on disaggregated inflation. This paper attempts to examine the later issue by employing … index, we find that a modest monetary policy shock results in varying degree of responses in disaggregated inflation. In …

neighborhood and unobserved heterogeneity of countries of the region to analyze the effects of Policy mix on inflation, the output … mechanism of propagation of shocks affecting the level of inflation and a mecanisme for output stabilization. …

deflation and central banks must lower interest rates to stimulate inflation. The paper shows that nominal interest rates … rigidity is sufficient to characterize the little we know about inflation. It also shows that, unlike for other products, the …

Countries in which inflation targeting has been adopted require high quality inflation forecasts. The Polish National … Bank adopted a variant of implicit inflation targeting and therefore the ability to forecast inflation is critically … important to policy makers. Since the domestic price formation process is still evolving, medium term inflation forecasting is …

The paper shows the advantages and handicaps of implementing an inflation target (IT) regime, from a Post-Keynesian and …

This paper presented the salient features of current Monetary Policy and its effectiveness to control inflation in … Pakistan. The monetary authority was successful in controlling inflation when it successfully controlled the money supply … concluded that in the recent years SBP failed to control money supply and hence rate of inflation within the set target level …