of Inflation Targeting. We start applying methodologies developed by Calvo and Reinhart (2002) and Ball and Reyes (2004 …, 2008) to check the probabilities of changes in exchange rate and monetary policy instruments before and after inflation … exchange rate shocks before and after inflation targeting regime. VAR model helps to understand the impacts of switch in …

Inflation Targeting for a set of developed and emerging market economies. We use a structural VAR model to estimate the effect … emerging than for developed economies, and that it has decreased after the adoption of Inflation Targeting. We then use several … foreign exchange market intervention after the adoption of Inflation Targeting. As the exchange rate pass-through still …

adoption of inflation targeting policy. In particular, this research work analyzes how a change in the nominal exchange rate … rate depreciation shocks in explaining inflation fluctuations. Our results show that, for the period of analysis (after the … formal adoption of inflation targeting in Mexico), the exchange rate pass-through to consumer prices is quite small and fast …

after the adoption of Inflation Targeting. We use an ARDL model for a sample of developed and emerging market economies to … adoption of Inflation Targeting. This reduction, however, does not mean that the pass-through is no longer existent for … using dynamic models when dealing with the inflation-depreciation relationship. The results also show the important role of …

This study has analysed the implications of Inflation Targeting for the Exchange Rate Pass-Through (ERPT) to inflation …. Our key findings suggest that there is significant evidence of time-variation in the ERPT to inflation and trade balance … in all three countries. In specific to inflation, the results showed that contrary to the notion that the ERPT to …

In Japan, the inflation rate declined to near-zero, whereas the monetary policy faced a zero lower bound (ZLB) in the … 1990s. We examine whether trend inflation had fallen to near-zero prior to the ZLB. To achieve this, we estimate Japanese … pre-2000 trend inflation developing a Markov-switching New Keynesian dynamic stochastic general equilibrium (DSGE) model …

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