Results 1 to 10 of about 5,556,792 (345)
Inflation Targets and Inflation Targeting [PDF]
The North American Journal of Economics and Finance, 2001 Abstract This paper examines the Federal Reserve System’s dual policy mandate pertaining to the promotion of price stability and high employment. It reviews the relative merits of single and dual mandates and assesses the viability of explicit inflation targets.
Laurence H. Meyer
openalex +3 more sources
Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets [PDF]
SSRN Electronic Journal, 1996 Inflation targeting is shown to imply inflation forecast targeting: the central bank's inflation forecast becomes an intermediate target. Inflation forecast targeting simplifies both implementing and monitoring of monetary policy. The inflation forecast is actually an ideal intermediate target: it is most correlated with the goal, easier to control ...
Lars E. O. Svensson
semanticscholar +7 more sources
Inflation targets, bands, and track records: a dataset of inflation targeting countriesMendeley Data [PDF]
Data in BriefThis paper presents a comprehensive panel dataset of 41 Inflation Targeting (IT) countries from 1990 to 2024 regarding their inflation targets, bands, and track records. First, data on inflation targets and bands are collected through each central bank’s
Zhongxia Zhang
doaj +2 more sources
Inflation targeting or exchange rate targeting: Which framework supports the goal of price stability in emerging market economies? [PDF]
PLoS ONE, 2018 The paper investigates and compares the relationship between inflation and inflation uncertainty under inflation targeting and, alternatively, a conventional fixed exchange rate system, for a group of emerging countries.
Nora Abu Asab +2 more
doaj +2 more sources
Inflation Targeting and Inflation Persistence [PDF]
Economic and Political Studies, 2015 This paper argues that the adoption of an inflation target reduces the persistence of inflation. We develop the theoretical literature on inflation persistence by introducing a Taylor Rule for monetary policy into a model of persistence and showing that inflation targets reduce inflation persistence. We investigate changes in the time series properties
George J. Bratsiotis +2 more
semanticscholar +5 more sources
Open-economy inflation targeting [PDF]
Journal of International Economics, 2000 The paper extends previous analysis of closed-economy inflation targeting to a small open economy with forward-looking aggregate supply and demand, and with stylized realistic lags in the different transmission channels for monetary policy. The paper compares targeting of CPI and domestic inflation, strict and exhibitable inflation targeting, inflation
Lars E.O. Svensson
openalex +6 more sources
Inflation Targeting and Core Inflation [PDF]
Canadian Journal of Economics/Revue canadienne d'économique, 2005 Abstract. This paper examines the interaction of core inflation and inflation targeting as a monetary policy regime. Interest in core inflation has grown because of inflation targeting. Core inflation is defined in numerous ways giving rise to many potential measures; this paper defines core inflation as the best forecaster of inflation.
Julie K. Smith
openalex +3 more sources
Inflation targeting: What inflation rate to target? [PDF]
Journal of Monetary Economics, 2005 Abstract In an economy with nominal rigidities in both an intermediate good sector and a finished good sector, and thus with a natural distinction between CPI and PPI inflation rates, a benevolent central bank faces a tradeoff between stabilizing the two measures of inflation, a final output gap and, unique to our model, a real marginal cost gap in ...
Kevin X. D. Huang, Zheng Liu
openaire +4 more sources
Would Households Understand Average Inflation Targeting?
Social Science Research Network, 2021 Yes, they would. We collect medium- and longer-term inflation expectations from 9,000 individuals in Germany. Unconditionally, the average probability mass is well-centered around the ECB’s inflation aim of 2%.
Mathias Hoffmann +3 more
semanticscholar +1 more source
Forward-looking component in consumers’expectations and inflation forecast targeting: the case of six European economies [PDF]
Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 2019 Since there are different ways of revealing central banks’ intentions, a simple research question, which we address in this study, arises. Is the forward-looking (FL) component of consumers’ expectations related to the way in which the forecast is ...
Magdalena Szyszko , Aleksandra Rutkowska
doaj +1 more source