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Inflation targeting in high inflation emerging economies: lessons about rules and instruments
Journal of Applied Economics, 2019 This talk emphasizes the connection between inflation targeting and monetary policy rules. Inflation targeting is not enough. You need to have a policy procedure – a policy rule – to achieve the target. And one cannot design or evaluate a monetary policy
John B. Taylor
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Average Inflation Targeting [PDF]
Journal of Money, Credit, and Banking, 2005 The analysis of this paper demonstrates that when the Phillips curve has forward-looking components, a goal for average inflation—i.e., targeting a j-period average of one-period inflation rates—will cause inflation expectations to change in a way that improves the short-run trade-off faced by the monetary policymaker.
Nessén, Marianne, Vestin, David
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Monetary Policy Rule under Inflation Targeting in Mongolia
East Asian Economic Review, 2018 This article aims to review the monetary policy rule under inflation targeting framework focusing on Mongolia. The empirical analysis estimates the policy reaction function to see if the inflation targeting has been linked with a monetary policy rule ...
Hiroyuki Taguchi, Saitama University
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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 Monetary Policy in Ghana
Journal of African Economies, 2019 An inflation-targeting regime has been in place in Ghana since 2007, but compared to other inflation-targeting countries it has been conspicuously unsuccessful. Since 2013 inflation has persistently exceeded the announced target by four percentage points
M. Bleaney +2 more
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INFLATION AND ECONOMIC GROWTH TRENDS: GLOBAL AND SOUTH AFRICAN PERSPECTIVES
Acta Economica, 2023 This paper explores the global inflation and economic growth trends, with a special focus on South Africa, from the 1970s – the period marked by the crumbling of the Bretton Woods system and the ensuing stagflation – to 2022. Our exploration reveals that
Shelton Mandeya, Sin-Yu Ho
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The Inflation-Growth Relationship in SSA Inflation-Targeting Countries
Studia Universitatis Babes-Bolyai Oeconomica, 2019 This paper investigates the relationship between inflation and economic growth for South Africa and Ghana using quarterly empirical data collected from 2001 to 2016 applied to the quantile regression method.
Nomahlubi Mavikela +2 more
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Indian Monetary Policy in the Time of Inflation Targeting and Demonetization
Asian Economic Policy Review, 2018 This paper provides a narrative of Indian monetary policy since the North Atlantic Financial Crisis (NAFC) in the mid‐2008 till the current period. The period 2009–2013 was dominated by the joint monetary and fiscal stimuli of the Indian authorities ...
R. Mohan, Partha Ray
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Inflation targeting challenges in emerging market countries: The case of Serbia [PDF]
Ekonomski Anali, 2015 In the past two decades Inflation targeting has been the monetary policy framework of choice for many developed nations around the world. A significant number of emerging market countries have gradually subscribed to the same monetary regime ...
Šoškić Dejan
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Journal of Money, Credit and Banking, 2017 This paper studies long‐run inflation targets and stability in an imperfect information environment. When central banks set an inflation target that is not fully communicated, agents draw inferences about inflation from recent data and remain alert to structural change by forming expectations from a forecasting model that is estimated via discounted ...
Branch, William A., Evans, George W.
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