long run Phillips curve recorded -0.75 in Sweden and -0.23 in the United States. While the average inflation rate in the … United States was very close to its targeted level, the average inflation rate in Sweden was 0.6 per- centage points below … its targeted level over the sample period. The deviation of inflation rate from its targeted level in Sweden resulted in …

Well-anchored inflation expectations have become a key indicator for the credibility of a central bank’s inflation … target. Since the outbreak of the recent financial crisis, the existence and the degree of de-anchoring of U.S. inflation … degree of U.S. inflation expectations anchoring. We confirm that inflation expectations have been partially de …

Well-anchored inflation expectations are a key factor for achieving economic stability. This paper provides new … empirical results on the anchoring of long-term inflation expectations in the euro area. In line with earlier evidence, we find … that euro area inflation expectations have been anchored until fall 2011. Since then, however, they respond significantly …

This study analyses the aspect of inflation expectations management in the context of inflation targeting by … particularly focusing on the impact of exchange rate pass-through to inflation expectations in a small open economy. We also … augment the inflation expectations function with GDP, inflation, unemployment, fiscal stance, oil prices, and money supply …

Most emerging market central banks have adopted inflation targeting as their monetary policy system. The heart of … inflation targeting system is inflation expectations. The success of a central bank in achieving targets depends on to the … extent to which inflation expectations are formed by the announced targets. As the credibility of the central bank increases …

The popularity of inflation targeting has risen in the last decade and the number of countries that adopted inflation … targeting as their monetary policy framework surpassed 40 by the end of 2016. This study analyzes whether inflation targeting … around the world has been successful in terms of achieving the announced target and keeping inflation rate around it. We …

Since the early 2000s, inflation in Russia has never fallen below 6%, except for brief intervals following the major … crisis of 2008 and the changes in 2012 to the seasonal indexation of administered prices.Persistently high inflation … expectations have posed a challenge to the Bank of Russia in setting its 4% inflation targeting course. A further complication was …

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. …

This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and …

Many central banks worldwide announce numerical inflation targets, typically ranging from zero to two percent in … advanced economies and higher in developing countries. Historically, a significant gap existed between the inflation targets … for zero or negative inflation targets and surveys new forces justifying positive targets. Key factors include (i) trends …