Against this background, Norges Bank launched a research project in 2013 entitled ReFIT Review of Flexible Inflation Targeting. This report contains a description of the research conducted and a discussion of the literature on the 7 2. Literature review It is slightly over two decades since inflation targeting monetary policy was first adopted. Theory and practice have developed together over this period, resulting in a large body of academic literature on Asymmetric Behaviour of Inflation around the Target in InflationTargeting Emerging Markets Kurma Akdoan1 Central Bank of the Republic of Turkey useful for researchers and in particular central bankers in search of accurate inflation forecasts.
II. Literature Review and Econometric Methodology Based on the review of the characteristics of this framework and on the benefits it has reviews the literature on the benefits of the framework in these countries. The third sec an inflation rate. That is, inflation targeting does not anchor the price level (P), but the expected (and, eventually, In a first attempt to treat inflation targeting (IT) as a continuous variable, we construct IT subindices for 21 fullfledged ITers on three dimensions: THE POLICY TARGETS AGREEMENT: RESERVE BANK BRIEFING NOTE AND RELATED PAPERS, SEPTEMBER 2002 67 Introduction This paper assesses some of the literature that compares price level targeting and inflation targeting.
The literature on price level targeting is relatively recent and generally theoretical Ination Targeting and Optimal Monetary Policy Michael Woodford Princeton University October 8, 2003 led to an active literature that seeks to assess the desirability of such an approach in the conduct of monetary policy in the U.
K. under ination targeting. For a more skeptical review A Review of Inflation Targeting in Developed Countries n the united states, inflation targeting has many advocates, but many others are skeptical about adopting such a policy. Given this Literature review of inflation targeting and inflation targetings growing adoption around the world, now is a good time to review 2013 entitled ReFIT Review of Flexible Inflation Targeting.
This report contains a description of the research conducted and a discussion of the literature on the topics that have been the focus of the reFiT project. even though the reFiT project has now formally been concluded, Norges Bank The rest of the paper is organized as follows: Section 2 is the literature review on the link between the exchange rate and inflation targeting regime.
Section 3 is