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adopted inflation targeting adoption of inflation aggregate demand asset prices Bank of Chile Bank of England Bank of Mexico Bernanke CBGI CBII central bank Central de Chile conduct of monetary Corbo core inflation country sources credibility depreciation Diciembre 2000 disinflation Documentos de Trabajo Economic eeoet emerging market countries eolice escape clauses exchange rate Federal Reserve Bank Fiscal Fischer floor of zero goal independence headline inflation Hedline CPI hit a floor industrial countries inflation eeort inflation eojectione inflation expectations inflation forecasts inflation measure inflation targeting regime inflation-targeting regime instrument independence International Financial Statistics issues Level Targeting long-run inflation goal long-run target low inflation Macroeconomic medium-term inflation target medium-term target mimeo Mishkin monetary policy Monetary Policy Rules negative non-inflation targeters overshoots Paper price level Price Stability price-level target sample Schaechter Schmidt-Hebbel set the medium-term supply shocks Svensson target horizon trade shock Transmission Mechanism undershoots variables Zealand