Using a disaggregated-level CPI data, this paper compares convergence properties of regional inflation rates in a small …-open economy, Turkey, between pre-inflation-targeting and inflation-targeting periods, where the latter also corresponds to a … flexible exchange rate regime. It is found that during the inflation-targeting period, Turkish regional inflation rates have …

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

This paper develops a model of inflation in an open economy. The model permits analysis of the susceptibility of open … paper arrives at a “structuralist inflation targeting agenda”. Based on a proper conception of inflation dynamics, this … involves “getting inflation targeting right” rather than either accepting mainstream inflation targeting prescriptions or …

inadequate policy tools and theory from the interwar period, set the stage for the Great Inflation of the 1970s. The lessons from … that experience have convinced monetary authorities to reemphasize the goal of low inflation, as it were, committing …