Choice of inflation targeting: Some international evidence

The Explanation of Inflation: Some International Evidence

Some International Evidence on Output-Inflation Tradeoffs

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Bandwidth, bandlength, and inflation targeting: some observations

Central banks announce specific inflation targets to help anchor inflation expectations and to raise the level of monetary policy credibility (see Debelle and Stevens (1995)). Generally, however, it is argued that in setting inflation targets, there is a trade-off between credibility and flexibility. Targets also provide a yardstick against which the central bank’s success can be measured, allo...

Inflation Targeting and Regional Inflation Persistence: Evidence from Korea

The adoption of a credible monetary policy regime such as inflation targeting is known to reduce the persistence of inflation fluctuations. This conclusion, however, is derived from aggregate inflation or sectoral inflation rates, not from regional inflation data. This paper studies the regional dimension of inflation targeting, i.e. the consequences of inflation targeting for regional inflatio...

Inflation and Growth: Some Theory and Evidence

The paper presents a monetary model of endogenous growth and specifies an econometric model consistent with it. The economic model suggests a negative inflation-growth effect, and one that is stronger at lower levels of inflation. Empirical evaluation of the model is based on a large panel of OECD and APEC member countries over the years 1961-1997. The hypothesized negative inflation effect is ...