This paper develops a set of leading indicators of industrial production growth and consumer price inflation for the … inflation. Our findings provide evidence on the factors determining real activity and inflation in a period of disinflation and …

inflation as one component of future real wages. This paper scrutinizes whether countries in CEE that officially announce an … inflation target are tempted to act time-inconsistently and switch from the announced inflation target to an exchange rate … target in order to sustain higher output via surprise inflation. If market participants discover the time-inconsistency, they …

In this paper I evaluate inflation targeting for ten countries. The evaluation is based on unconditional as well as … conditional measures of the variance of inflation around target. With strict inflation targeting, expectations of the future … Price Index (CPI) when calculating the inflation rate, I find that the null hypothesis can be rejected for six of ten …

The role of the exchange rate under inflation targeting (IT) remains an unresolved issue in literature and policy … whether there is a relation between the nominal exchange rate regime and inflation performance in IT countries. We use a panel … regime that differs from a pure float entails higher or lower inflation. We use two de facto foreign exchange regime …

Since the 2001 recession, average core inflation has been below the Federal Reserve's 2% target. This deflationary bias … corrects the bias and brings inflation back on target. Adopting this asymmetric rule improves welfare and reduces the risk of …

The purpose of this paper is to examine inflation targeting (IT) in emerging countries by concentrating essentially on … of this paper is on Brazil, which began inflation targeting in 1999, we also examine the experience of other countries … in the fight against inflation. …

-type interest rate feedback rules. That is, rules whereby the nominal interest rate is set as an increasing function of inflation … with a slope greater than one around an intended inflation target. This paper shows that such rules can easily lead to … chaotic dynamics. The result is obtained for feedback rules that depend on contemporaneous or expected future inflation. The …

within a unified framework that incorporates regime switching both in shock variances and in the inflation target. Our … evidence of changes in the inflation target. We identify three types of shocks that account for most of macroeconomic …

exchange rate regime yields a lower loss compared to an inflation targeting policy, even if this policy ranking would be …-maker to adopt inflation targeting over a strict exchange rate targeting regime. Full credibility is not a precondition, but … exposure to foreign and financial shocks and high steady state inflation make joining the EMU relatively more attractive for a …