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 …

which an emerging market central bank that targets inflation might lose control of inflation--in other words of the … literature, from Sargent and Wallace (1981) to the modern fiscal theory of the price level has discussed how an unsustainable … perverse effect on inflation. We show that the presence of default risk reinforces the possibility that a vicious circle might …

interest rate is set as a function of the deviation of the inflation rate from its target rate, the output gap, and Tobin's q …

fragility of leveraged firms in its pursuit of inflation-targeting interest rate policies. This paper develops a small …

changing nature of inflation dynamics. We estimate a series of VAR models for a set of six Asian emerging market economies, in … parts of inflation and output dynamics. The global shocks are procyclical with respect to the domestic components of …