In 1991, Canada became the second country to adopt an inflation target as a central pillar of its monetary policy … performance: (i) the simple, readily understood and consistently applied specification of the inflation target, which, since … agreement between the central bank and government, in which inflation control was recognized as a joint duty of both parties …

Bank of Canada research done prior to the most recent renewal of the inflation-control agreement in 2011 concluded that … future than they were during the first two decades of inflation targeting. As a consequence, the probability of being … a higher inflation target. …

. “Rents” in the CPI have jumped up by as much as 35% in certain quarters, hugely overestimating the true inflation. This … vitiates any use of the core CPI for monetary policy including inflation targeting. This will-o’-wisp that the RBI chased, had …

Low inflation hit the Japanese economy shortly after the burst of the bubble in stocks and real estate in 1991 and has … trade dispute. In the early 1990s, Japan faced sluggish economic growth and low inflation, as well as severe structural … difficult to judge the effectiveness and efficiency of the BOJ's policy tools, as achievement of inflation beyond the 2% price …

forces. On the one side deviations from zero inflation allow the policy maker to smooth inefficient employment fluctuations … inflation targeting. Overall we find that the Ramsey planner deviates from full price stability and that an optimal rule targets … inflation the real economic activity alongside inflation. -- Optimal monetary policy ; labour market unionization ; threat …

This paper identifies shocks to the Federal ReserveÕs inflation target as VAR innovations that make the largest … contribution to future movements in long-horizon inflation expectations. The effectiveness of this scheme is documented via Monte … behind the increase in inflation during the pre-1980 period and are an important driver of the decline in long-term interest …

This paper identifies shocks to the Federal Reserve's inflation target as VAR innovations that make the largest … contribution to future movements in long-horizon inflation expectations. The effectiveness of this scheme is documented via Monte … inflation, GDP growth and long-term interest rates. Target shocks are estimated to be a vital factor behind the increase in …

1999 has targets for inflation and for the primary surplus. The main finding is that a fiscal regime characterized by a …

: inflation targeting and depreciation targeting. Euro accession requires disinflation and stabilization of the exchange rate and … condition for successful stabilization of inflation. Thus the lack of prudent fiscal policy, through its effects on inflation …