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Inflation Targeting [PDF]

open access: possibleRevista economica, 2008
Inflation targeting is a monetary-policy strategy that is characterized by an announced numerical inflation target, an implementation of monetary policy that gives a major role to an inflation forecast and has been called forecast targeting, and a high degree of transparency and accountability.
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LEARNING THE INFLATION TARGET [PDF]

open access: possibleMacroeconomic Dynamics, 2004
We propose a framework in which expectations have a rational and a learning component. We describe a solution method for these frameworks and provide an application to the Volcker disinflation with the New Keynesian model. Although the model with rational expectations does not seem to account for this episode, results improve when a small and ...
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Inflation targeting as a signaling mechanism [PDF]

open access: possibleDigital Signal Processing, 2012
This paper theoretically investigates inflation targeting when there is asymmetric information between the Central Bank and the public. The main argument of this study is that the inflation target can be used as a signaling mechanism through which the private sector learns about the private information of the Central Bank about future inflation and ...
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Inflation Targeting and Inflation Uncertainty [PDF]

open access: possibleScottish Journal of Political Economy, 2012
AbstractThis article empirically investigates the impact of inflation targeting on inflation uncertainty. We implement PARCH and GARCH methodologies to model conditional variance of inflation. We also investigate the relationship between level and volatility of inflation to analyze the validity of the Friedman hypothesis for IT countries.
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Inflation targeting and core inflation [PDF]

open access: possibleCanadian 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.
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