Inflation targeting
IMF paper identifies scope for inflation targeting in Mena countries
Fund study says central banks in Middle East and North Africa can follow emerging market trend in adopting inflation-targeting frameworks
Czech National Bank paper discusses how inflation targets are set
Czech National Bank study says historical macroeconomic characteristics are factored into officials’ decision to set the level of inflation targets
Turkey’s Basçı outlines strategy to overcome commodity price volatility
Central Bank of Turkey governor Erdem Basçı says setting targets and forecasts for inflation offers firmer commitment from central bank
BoC paper experiments with price-level targeting
Bank of Canada study finds evidence in support of well-anchored inflation expectations in a price-level targeting regime
The future of central banking: CB.com panel
Robert Pringle moderates a panel assessing the future of central banking in a post-financial crisis world
Canada’s Boivin evaluates merits of switching to price-level targeting
Bank of Canada deputy governor Jean Boivin says success of a price-level targeting regime would depend on how the public adjusts its inflation expectations
Evolving UK and US macroeconomic dynamics investigated: Bank paper
Bank of England working paper uses model of deterministic structural change to chart the changing UK and US macroeconomic dynamics
Bank of Korea – Annual Report (2010)
Bank of Korea 2010 Annual Report highlights growing inflationary concerns in South Korea
Inflation targeting reduced severity of crisis in Turkey: Fund paper
Fund study shows adoption of inflation targeting and flexible exchange rate regime reduced impact of financial crisis in Turkey
Inflation targeting at the Central Bank of Peru
Central bank of Peru study finds evidence of flexible Peruvian inflation targeting framework
Philly Fed’s Plosser: weaker growth levels likely, but no cause for QE3
President of Philadelphia Fed sees monetary policy as limited in reviving a US economy hit by a supply shock; says personal hurdle for QE3 “very high”
Philly Fed’s Plosser calls for explicit inflation target
Philadelphia Federal Reserve president Charles Plosser says adoption of explicit inflation target will help Fed retain credibility during normalisation of policy
Former Obama adviser Romer urges Fed to consider price-level targeting
Former chair of President Obama’s Council of Economic Advisers Christina Romer says adoption of price-level targets at Federal Reserve would aid communication with public over policy
UK inflation expectations rise
Bank of England survey on public attitudes to inflation show rise in inflation expectations
RBA paper estimates long-term inflation expectations
Reserve Bank of Australia study measures long-term inflation expectations in Australia
Underlying inflation, unemployment should ground mandate: Riksbank’s Svensson
Riksbank deputy governor Lars Svensson calls for refined monetary policy framework focusing on underlying, rather than headline, inflation and unemployment over resource utilisation
ECB rejects temporary price pressures argument; signals tightening
European Central Bank’s hawkish Thursday announcement shows a different interpretation of commodity price pressures, second-round effects, to Bank of England and Fed
Inflation targeting a successful framework: Central Bank of Chile paper
Central Bank of Chile study says sharp movements of inflation in Chile were consistent with inflation targeting framework
Commentators split on Bank justification for high inflation
CentralBanking.com web panellists divided on whether Bank of England is acting within remit in accommodating persistently above target price pressures
Central banks should consider price-level targeting: CentralBanking.com poll
Fifty-three percent of voters in CentralBanking.com poll think central banks should mull switch to price-level targeting framework
The inflation targeting debate: a case study in FOMC deliberation
Discussions among Federal Open Market Committee members in the mid1990s highlight two important lessons for central bankers, Marvin Goodfriend shows
Inflation may hit 5%, but we couldn’t have done it different: King
Bank of England’s Inflation Report says inflation will likely soar further; medium term outlook shifts slightly as spare capacity margin revised downwards
Bank’s inflation argument ‘fanciful’: ex-MPC’s Julius
Former Bank of England rate-setter DeAnne Julius says inflation expectations risk becoming unmoored; monetary policy acting for financial stability, ex rate-setter Tim Besley adds
Ex-Bank economists parry fears of wage-price spiral
Upsurge in inflation will not pass through into wages, economists at Fathom Consulting believe