We analyze the impact of price stability-oriented monetary strategies (inflation targeting — IT — and constraining … exchange rate arrangements) on inflation persistence using a time-varying coefficients framework in a panel of 68 countries … (1993–2013). We show that explicit IT has a stronger effect on taming inflation persistence than implicit IT and is …

This paper reports a two-stage analysis of inflation persistence using monthly data from 11 IT countries and, for … comparison, the US, a non IT country with a history of credible monetary policy. First, we estimate inflation persistence in a … inflation persistence. We use the sequences of estimated persistence measures from the first stage as dependent variables in the …

We construct an empirical test of whether the anticipation of adoption of inflation targeting affects the inflation … rate. We observe that most of the central banks adopt the regime after first achieving significant disinflation. With pre-inflation …-in-difference framework. We find that inflation targeting is successful in locking-in already low inflation rather than reducing high …

After the introduction of a stabilization program Israeli inflation decreased from 400% in 1985 to 2% in 2013. This … process is defined by three clear steps of high, medium and low inflation. The break dates are in line with major economic …

inflation are co-breaking. We argue that the step-like development of inflation is in line with shocks and monetary policy that …% inflation was accomplished by introducing an inflation targeting regime. …

We analyze the impact of price stability-oriented monetary strategies (inflation targeting - IT - and constraining … exchange rate arrangements) on inflation persistence using a time-varying coefficients framework in a panel of 68 countries … (1993-2013). We show that explicit IT has a stronger effect on taming inflation persistence than implicit IT and is …

This study empirically documents that inflation is significantly more persistent when it is below the central bank … target than otherwise, for inflation rates in five inflation targeting countries (Australia, New Zealand, Sweden, United … States and the Euro- Area). The study uses a threshold autoregressive (TAR) model to test for asymmetry in inflation …

This paper studies the impact of inflation targeting on the evolution of inflation persistence and the effects of … Korean CPI. We compare persistence in a sample covering 1986Q1-1997Q2 with persistence under inflation targeting between 1999 …Q1 and 2010Q2. The main results are threefold. First, the persistence of headline inflation as well as most CPI …

This paper empirically investigates the impact of inflation targeting on inflation uncertainty. We implement PARCH and … GARCH methodologies to model conditional variance of inflation. We also investigate the relationship between level and … volatility of inflation to analyze the validity of the Friedman hypothesis for IT countries. We find that most of the inflation …

We investigate the empirics of the persistence in the inflation series for 13 OECD countries that use an inflation … suggested by Kim and Phillips (2006, 2000) and Phillips (2007). We find that (i) inflation exhibits a fractional behavior over … the entire sample period and, in most cases, in the pre- and post-targeting periods, (ii) the adoption of inflation …