Inflation targeting or exchange rate targeting: Which framework supports the goal of price stability in emerging market economies? [PDF]
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
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Inflation targets, bands, and track records: a dataset of inflation targeting countriesMendeley Data [PDF]
This 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
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Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets [PDF]
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
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Econometric inflation targeting [PDF]
Summary: Models in the literature on inflation targeting are mostly theoretical or calibrated, even though inflation targeting requires inflation forecasts. The motivation for this paper is therefore threefold: foremost we want to build an econometric model for forecasting inflation in Norway -- one economy recently opting for formal inflation ...
Gunnar Bårdsen +2 more
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Inflation Targeting, Between Rhetoric and Reality. The Case of Transition Economies [PDF]
The paper examines the inflation targeting regime in the context of transition economies. Recent years have witnessed an increasing number of central banks in these countries moving towards the implementation of inflation targeting regimes.
Laurian Lungu, Daniel Daianu
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Inflation targeting: What inflation rate to target? [PDF]
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
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Forward-looking component in consumers’expectations and inflation forecast targeting: the case of six European economies [PDF]
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
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Inflation targeting and economic performance: The case of Mexico [PDF]
In the paper we analyze the impact of Inflation Targeting (IT) in Mexico. The objective is to evaluate the impact of the implementation of inflation targeting and full-fledged inflation targeting (FFIT) on the level and the variability of the ...
Carrasco Carlos A., Ferreiro Jesús
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Does inflation targeting work in emerging East-Asian economies? [PDF]
This paper evaluates on the performance of the inflation-targeting regime in three emerging East-Asian economies that have experienced changes in monetary policy regimes, from rigidities to a flexible exchange rate and inflation targeting, after the ...
Sek Kun Siok, Har Mun Wai
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Anticipation of central banks' adoption of inflation targeting and its effect on inflation
We construct an empirical test of whether the anticipation of adoption of inflation targeting affects the inflation rate. We observe that most of the central banks adopt the regime after first achieving significant disinflation.
Amlendu Dubey, Akanksha Mishra
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