This paper empirically analyzes whether and to what extent the adoption of inflation targeting (IT) in Korea, Indonesia …

between inflation and aggregate output. This study endeavors to advance previous studies in three ways. First, the literature …. These include the stock (and flow) of government debt, the issuance of inflation-indexed bonds, and the existence of … explicit inflation targets. Second, previous studies unfortunately exclude non-OECD countries. Third, the literature is divided …

In the framework of a standard overlapping generations model, it is shown that active inflation forecast targeting …-age consumption. The inflation forecast targeting rule which minimizes the volatility of inflation can be active or passive, depending … on the characteristics of shocks and the risk aversion of households. Inflation forecast errors are always greater under …

This paper extends a standard New Keynesian model to describe the effects of anticipated shocks to inflation and …

positive if the central bank adopts closed-loop strategies that raise the real interest rate when inflation is above target … owing to fiscal deviations. More aggressive defence of the inflation target implies lower debt and higher welfare. Simple …

This study examines the link between various monetary policy regimes and the ability to manage inflation and exchange … hypothesis is that a system of 'flexible inflation targeting' may be an optimal policy choice for managing these two categories … of risk. A model of inflation and exchange rate risk premiums within the context of inflation targeting is proposed …

by the announcement of inflation targeting in 1991 when estimating the effects of monetary policy. For instance, we find …

This study examines the link between various monetary policy regimes and the ability to manage inflation and exchange … hypothesis is that a system of 'flexible inflation targeting' may be an optimal policy choice for managing these two categories … of risk. A model of inflation and exchange rate risk premiums within the context of inflation targeting is proposed …

This study places a strong emphasis on the ability of Central European countries to lower inflation and exchange rate …, Hungary and the Czech Republic. The analysis implies that monetary policies based on direct inflation targeting are likely to …