Results 11 to 20 of about 5,543,045 (391)
Inflation Targeting and Target Instability [PDF]
Finance and Economics Discussion Series, 2000 Monetary policy is modeled as governed by a known rule, except for a time-varying target rate of inflation. The variable target is taken as representing either discretionary deviations from the rule, or as the outcome of a policymaking committee that is unable to arrive at a consensus.
Robert Tetlow
+7 more sources
The Impact of Inflation Targeting on Inflation
Финансы: теория и практикаThe purpose of the paper is to assess the impact of the transition to the inflation targeting regime on inflation in modern conditions. To achieve this goal, we carry out econometric modeling of the impact of this monetary policy regime on the dynamics ...
P. S. Kartaev, O. S. Sazonov
doaj +2 more sources
Econometric Inflation Targeting [PDF]
Econometrics Journal, 2003 Inflation targeting requires inflation forecasts, yet most models in the literature are either theoretical or calibrated. The motivation for this paper is therefore threefold: We seek to test and implement an econometric model forforecasting inflation in
Eilev S. Jansen +2 more
core +6 more sources
Optimal Horizons for Inflation Targeting [PDF]
SSRN Electronic Journal, 2000 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Nicoletta Batini, Edward Nelson
+10 more sources
Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets [PDF]
SSRN Electronic Journal, 1996 The paper discusses the implementation of inflation-targeting across countries. It argues that the intermediate variable under an inflation target is, in effect, the inflation forecast. Such a regime is shown to confer benefits over other regimes, such as money and exchange rate targeting: in terms of the efficient implementation of policy; in terms of
Lars E. O. Svensson
semanticscholar +9 more sources
Inflation zone targeting [PDF]
SSRN Electronic Journal, 1999 We study optimal monetary policy design in a simple model that deviates from the linear-quadratic paradigm and provides a rationale for the practice of inflation zone targeting.
Orphanides, Athanasios, Wieland, Volker
core +4 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 +9 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
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
Average Inflation Targeting and Household Expectations
Journal of Political Economy Macroeconomics, 2020 Using a daily survey of US households, we study how the Federal Reserve’s announcement of its new strategy of average inflation targeting affected households’ expectations.
Olivier Coibion +3 more
semanticscholar +1 more source