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What Would Nominal GNP Targeting Do to the Business Cycle?     GNP  Business Cycle       font style='font-size:12px;'> 2015/8/4
Many economists have recently proposed nominal GNP targetting as a new rule for monetary p0licy.l Nominal GNP targetting is typically viewed as an alternative to money-growth targetting. It prescrib...
Inflation Targeting and Monetary Policy Rules: Experience and Research     Inflation  Monetary Policy       font style='font-size:12px;'> 2015/8/4
Inflation Targeting and Monetary Policy Rules: Experience and Research.
Lessons Learned from the Implementation of Inflation Targeting     Implementation  Inflation Targeting       font style='font-size:12px;'> 2015/8/3
Lessons Learned from the Implementation of Inflation Targeting.
I thank Michael Woodford for writing such a thoughtful and useful paper on monetary policy. It is filled with fascinating ideas and insights, each carefully explained. As befits this final “Looking ...
Michael Woodford’s chapter is fi lled with fascinating ideas and insights, each carefully explained. Most importantly, he proposes an ambitious future research program with the specifi c practical p...
Targeting the Poor: Evidence from a Field Experiment in Indonesia     Poor  Field Experiment       font style='font-size:12px;'> 2014/9/10
This paper reports an experiment in 640 Indonesian villages on three approaches to target the poor: proxy means tests (PMT), where assets are used to predict consumption; community targeting, where vi...
Recent central bank experience with inflation targeting is used to restate Hayek's reform proposal as a performance contract. This requires banks to first state an explicit inflation target and then p...
Inflation-targeting central banks often explicitly reserve the right to intervene in foreign exchange markets when the exchange rate ‘deviates from fundamentals’ and/or ‘displays excessive volatility’...
At central banks around the world, including the Bank of England, Sweden's Riksbank, Norway's Norges Bank, and the Reserve Bank of New Zealand, policy is conducted on the basis of inflation-forecast t...
While techniques such as service blueprinting has been used mostly for analysis of a single service process, its application in targeting and selecting critical service processes have not been address...
This paper studies the usefulness of real economic activity, monetary, and exchange rate indicators in predicting inflationary developments in Chile and Mexico. In so doing the investigation employs a...

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