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Inflation Zone Targeting [PDF]
SSRN Electronic Journal, 1999 Abstract 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. We show that the presence of either zone-quadratic preferences or a zone-linear relationship between inflation and economic activity provides strong incentives to ...
Orphanides, Athanasios, Wieland, Volker
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Inflation Forecasts Versus Shaping Inflation Expectations. Comparative Analysis
Comparative Economic Research, 2015 This article jointly analyzes inflation expectations of consumers and inflation forecasts. Its starting point is the predominant role of expectations in monetary policy.
Magdalena Szyszko
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Ten years of inflation targeting in Serbia [PDF]
Bankarstvo, 2017 Monetary strategy of inflation targeting in Serbia was unofficially introduced in September 2006. The National Bank of Serbia has faced the numerous challenges that are typical for transition countries which apply the same strategy.
Bungin Sanja
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Econometric inflation targeting [PDF]
Econometrics Journal, 2003 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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Economic Analysis, 2019 Compared to the 1970s when the inflation rate in most countries reached double digits, nowadays we are facing low inflation rates globally. Inflation targeting, as a monetary policy strategy, appeared in late 1980s in the period when other strategies ...
Milena Lazić, Ivana Domazet
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The impact of the inflation-targeting regime on the economic development of an industrial region [PDF]
Journal of New Economy, 2022 The priority goal of Russia’s monetary policy is keeping inflation close to the target. Within the inflation-targeting regime, the monetary policy is adopted at the national level and therefore, is uniform for all regions of the country.
Polina S. Kuklinova +1 more
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Moving from inflation targeting to prices and incomes policy [PDF]
Panoeconomicus, 2013 This paper focuses on the future of economic policies with regard to inflation. The dominant approach to inflation over the past two decades or so has been inflation targeting.
Arestis Philip, Sawyer Malcolm
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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.
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Economies, 2022 The study assessed the effect of inflation targeting (IT) policy on inflation uncertainty and economic growth in African and European IT countries. This study contributes to the existing knowledge by analysing and comparing the African IT and European IT
Shelter Thelile Nene +2 more
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Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets [PDF]
SSRN Electronic Journal, 1997 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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