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Common Features of the Experience with Inflation Targeting
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advanced economies annual Argentina assess average Bernanke and Mishkin CBI index central bank independence Chile conduct of monetary conducting monetary policy consensus credibility Cukierman 1992 degree developing countries discussion divided by nominal dynamic inconsistency effects of monetary estimates exchange rate target feedback rule financial repression Finland fiscal deficit fiscal dominance fixed exchange rate framework for monetary future inflation goal of monetary Haldane independent monetary policy indicators Indonesia industrial countries inflation forecasts inflation performance inflation targeting framework inflation tax rate Israel main intermediate target monetary authorities monetary base monetary policy framework monetary regime nominal exchange rate nominal GDP nominal variables operating procedure percent policy instruments policy mode policy objectives questionnaire rate of inflation real interest rates reliance on seigniorage revenues from seigniorage stance of monetary supply shocks Table Taiwan Province target of monetary Target set tolerance interval transmission mechanism United Kingdom Uruguay Zealand