We describe the experience of some economies that struggle to consolidate Inflation Targeting. We document the resilience of inflationary expectations during the first years after adoption by Israel, Brazil, Guatemala, Mexico, South Africa, and Turkey ...
Emiliano Libman, Santiago Taboada
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Estimation of Inflationary Expectations and the Effectiveness of Inflation Targeting Strategy [PDF]
The credibility and accountability of a central bank, acting in an inflation targeting regime, are essential because they allow a sustainable anchoring of the inflationary anticipation of economic agents. Their decisions and behavior will increasingly be
Amalia CRISTESCU +1 more
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Monetary Policy Transmission Mechanism in Nigeria: Does Interest Spread Complicate Inflationary Targeting ? [PDF]
Prolonged deviation in the interest rate spread in the monetary transmission channel hasbecome the point of academic inquiry in recent years. The possibility that the current interest rate spread and poor liquidity management of the Central bank have ...
Shobande Olatunji Abdul
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Anti-Inflationary Policy in Russia: From Inflation Targeting to Economic Growth
O I Solodukhina +4 more
exaly +2 more sources
International Experience and Implementation of the Monetary Regime of Inflation Targeting in Ukraine [PDF]
The aim of the article is to study the international experience, the experience of implementing the monetary regime of inflation targeting in Ukraine and formulate conclusions based on the results of the analysis of such implementation.
Shkolnyk Inna O., Ohorilko Yurii M.
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Is the Money Gap a Misleading Measurement of Excess Liquidity? [PDF]
Liquidity status can impact monetary policy decisions and therefore the macroeconomic framework as a whole. This highlights the importance of accurately defining the liquidity status of the economy at any point of time. The ‘money gap’ concept is gaining
Noha El-Demery
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Inflation control and adequacy of targeting to economic growth policy [PDF]
The paper studies the relationship between inflation and economic growth. The subject of the research is the correlation between price dynamics and economic growth in the context of two main approaches – Fischerian and Schumpeterian – that describe such ...
Oleg S. Sukharev
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Post-inflationary axions: a minimal target for axion haloscopes
Abstract An axion-like-particle (ALP) in the post-inflationary scenario with domain wall number N > 1 can be dark matter if the residual ℤN symmetry has a small explicit breaking. Although we cannot determine the full dynamics of the system reliably, we provide evidence that such an ALP can account for the observed dark matter ...
Gorghetto, M, Hardy, E
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The Inflationary Consequences of Real Exchange Rate Targeting Via Accumulation of Reserves [PDF]
The paper investigates the ability of monetary authorities to keep the real exchange rate undervalued over the long run by implementing a policy of accumulating foreign exchange reserves. We consider a model of a three-sector, small, open economy, where the central bank continuously purchases foreign currency reserves and compare them to Russian and ...
Sosunov, Kirill, Zamulin, Oleg
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A time-varying parameter VAR investigation of the exchange rate pass-through in Turkey [PDF]
The effects of exchange rate movements on price levels have important implications to macroeconomic policies through the impacts on trade balance and inflation.
Çatık Abdurrahman Nazif +2 more
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