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In closed or open economy models with complete markets, targeting core inflation enables monetary...

In models with complete markets, targeting core inflation enables monetary policy to maximize...

We analyze the dramatic decline in India's inflation over the last two years using an augmented...

Many inflation stabilizations succeed only temporarily. Using a sample of 51 episodes of...

Many central banks target an inflation rate near two percent. This essay argues that policymakers...

Inflation-targeting central banks have a respectable track record at explaining their policy...