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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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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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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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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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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 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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Cogent Economics & Finance, 2021 Although literature acknowledges the nonlinearity in monetary policy behaviour of central banks, the appropriateness of the models used to capture the nonlinearity remains questionable. Moreover, the paucity of research on nonlinear monetary policy rules
Abdul-Aziz Iddrisu +1 more
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Revista de Economia ContemporâneaRESUMO O objetivo deste artigo é analisar o regime de metas de inflação (RMI) no Brasil à luz das experiências de outros países emergentes selecionados, quais sejam: África do Sul, Chile, Colômbia, Coreia do Sul e México. Para tanto, há uma exposição dos
Mateus Ramalho Ribeiro da Fonseca +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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Social Science Research Network, 2018 We estimate the determinants of disagreement about future inflation in a large and diverse sample of countries, focusing on the role of monetary policy frameworks. We offer novel insights that allow us to reconcile mixed findings in the literature on the
Steve Brito +2 more
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