stance, before and after its adoption of the inflation targeting framework, as revealed by its interest rate setting behavior … inflation by and large through its key policy rate, though it appears to be accommodative with respect to the output gap. In …

a proportionality constant which is comparable to the spot rate volatility. This suggests that forward rate market … volatility `hump' around one year found by several authors (and which we confirm). Finally, the number of independent components … evolution of the FRC contains a stabilizing second derivative (line tension) term, which tends to suppress short scale …

economies of the G7 countries. We first prove that nominal interest and inflation rate can be better represented as being broken …

This paper examines the determinants of Uganda’s inflation rate during 1994M7-2005M6. We test the central hypothesis … that Uganda’s inflation rate is always and everywhere a non-monetary phenomenon. A theoretical background relating … inflation to monetary and other non-monetary factors is first analyzed before a detailed empirical analysis is done. We apply …

This paper reassesses the long-run relation between nominal interest rates and inflation using German data. It shows … adjusting to changes in inflation, can be attributed to the particular time series behavior of inflation and interest rates … bivariate system of inflation and interest rates depends on the level of the variables and should be modeled as a thresh …

Since the early 1990s, a number of countries have adopted Inflation Targeting (IT) in an effort to reduce inflation …

inflation as their target. A large majority of subjects learn to successfully control inflation. We find that Taylor-type rules …