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Inflation Targeting and Monetary Policy Rules: Experience and Research.
Lessons Learned from the Implementation of Inflation Targeting.
Recent central bank experience with inflation targeting is used to restate Hayek's reform proposal as a performance contract. This requires banks to first state an explicit inflation target and then p...
Inflation-targeting central banks often explicitly reserve the right to intervene in foreign exchange markets when the exchange rate ‘deviates from fundamentals’ and/or ‘displays excessive volatility’...
This paper studies the usefulness of real economic activity, monetary, and exchange rate indicators in predicting inflationary developments in Chile and Mexico. In so doing the investigation employs a...

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