This paper presents a brief description of the operation of Brazil's Inflation Targeting regime, and an evaluation of … observed inflation values with the officially announced targets and estimating Taylor and McCallum rules. The regime exhibits … large and persistent deviations of the inflation rate with respect to the targets;the Taylor and McCallum rules indicate a …

into a VAR model with ARCH shocks to measure the effect monetary policy uncertainty has on inflation, output growth …, unemployment, and the volatility of these variables. We find that a higher degree of uncertainty regarding monetary policy is … associated with greater volatility of output growth and unemployment. …

inflation targeting as a monetary policy strategy, in light of the recommendation of the Urjit Patel Committee Report. Our … results indicate that historically the Reserve Bank of India has given more importance to inflation compared to output growth … monetary independence thereby comfortably placing the RBI on a path to move towards flexible inflation targeting. However we …

Connection between interest rate and foreign exchange is important because of the economic volatility of the two … variables, which has an impact on several macroeconomic indicators: inflation, real income, exports and imports. This papers … aims to establish a series of characteristics regarding the impact of interest rate in exchange rate volatility. This kind …

This paper focuses on the impact of full capital account liberalization on macroeconomic volatility in Greece … reduce macroeconomic volatility. The link between macroeconomic volatility and capital account openness in the Greek economy …. There is no strong evidence for a stable relation between macroeconomic volatility and variables of financial openness. Thus …

-food inflation in Pakistan. Food inflation volatility in Pakistan was found to be half of that observed in the world. Compared to …Food inflation hurts poor more than rich as poor spend higher proportion of their income on food items compared to rich …. Higher global food and crude oil prices in 2008 resulted in higher (than historical average) food inflation in Pakistan …

impact of inflation on stock market returns and volatility using monthly time series data from two West African countries … stock market volatility in the two countries. Measures employed towards restraining inflation in the two countries … news exert more adverse effect on stock market volatility than good news of the same magnitude; while a strong opposite …

This study examines the impact of inflation and output growth on stock market returns and volatility in selected Asian … (1, 1) model, it is found that macroeconomic volatility, which is measured by movement in inflation and output growth …, have a weak predictive power for stock market returns and volatility in these countries. The movements of the inflation …

behaviour is more in accordance to what the theory claims. However, they still lack the ability to help forecasting inflation …This paper assesses the performance of the core inflation measures calculated by the Brazilian Central Bank (BCB). The … evidence shows that they do not meet some key statistical criteria that a good core inflation should have: unbiasedness and the …