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Disinflation and Inflation Targeting in Romania [PDF]
With a view of enhancing disinflation inflation targeting (IT) was introduced in Romania in mid-2005. Contradictory pressures have challenged ever since the functioning of this monetary policy regime owing to peculiar features and objectives of the ...
Daianu, Daniel, Kallai, Ella
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Can Inflation Targeting Work in Emerging Market Countries? [PDF]
This paper explores issues in emerging market countries to make inflation targeting work for them. It starts by outlining why emerging market economies are so different from advanced economies and then discuss why developing strong fiscal, financial and ...
Frederic S. Mishkin
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Inflation Targeting, Exchange Rate and Financial Globalization [PDF]
In this paper we investigate the impact of financial globalization on the behaviour of inflation targeting emerging market economies with respect to exchange rate - do central banks respond to exchange rate movements or not. We use quarterly data for six
Muhammad Naveed Tahir
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Inflation Targeting Under Imperfect Knowledge [PDF]
A central tenet of inflation targeting is that establishing and maintaining well-anchored inflation expectations are essential. In this paper, we reexamine the role of key elements of the inflation targeting framework towards this end, in the context of ...
Athanasios Orphanides, John C. Williams
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On the role of money growth targeting under inflation targeting regime. [PDF]
The mainstream inflation-targeting literature makes the strong assumption that the central bank can exactly target the interest rate which affects investment and consumption decisions and hence the money supply plays no role in the monetary policy ...
Meixing DAI
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Inflation Targeting in Emerging Market Countries [PDF]
This paper outlines what inflation targeting involves for emerging market/transition countries and discusses the advantages and disadvantages of this monetary policy strategy. The discussion suggests that although inflation targeting is not a panacea and
Frederic S. Mishkin
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Estimating the Inflation-Output Variability Frontier with Inflation Targeting: A VAR Approach [PDF]
This paper (i) illustrates how a VAR model can be used to evaluate inflation targeting, (ii) derives the policy frontier available to the central bank using counterfactual experiments with real time data, and (iii) estimates how this frontier has changed
W. Douglas McMillin, James S. Fackler
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Implementing Inflation Targeting in Brazil [PDF]
Brazil has put in place an inflation-targeting framework for monetary policy in mid-1999, less than six months after moving to a floating exchange rate system.
Joel Bogdanski +2 more
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Inflation Targeting in Transition Countries: Experience and Prospects [PDF]
This paper examines the inflation targeting experience in three transition countries: the Czech Republic, Poland and Hungary. While the examined countries have missed inflation targets often by a large margin, they nevertheless progressed well with ...
Jiri Jonas, Frederic S. Mishkin
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