Financial inclusion has become an important public policy priority following the recent global
financial crisis. Yet, we know very little of how it impacts soundness of the providers of …

The macroeconomic performance resulting from adopting an inflation targeting policy in
emerging economies of Europe and Central Asia are examined. The research includes 26 …

Since the recent financial crisis, inflation targeting has been considered as one of the
causes of the authorities' unresponsiveness to the buildup of financial instability. Related …

We explore the performances of inflation targeting (IT) adoption in terms of fiscal discipline
(FD), while most existing studies focus exclusively on the role of FD as a precondition for IT …

This study analyses Granger-causality between the return series of CPI and PPI (ie, inflation
measured by CPI and PPI) for Romania, by using monthly data covering the period of …

Abstract The Working Papers should not be reported as representing the views of the Banco
Central do Brasil. The views expressed in the papers are those of the author (s) and do not …

This study examines, through a panel data analysis for 114 developing countries, the
exchange rate pass-through on inflation and on its volatility and, in particular, how the …

We examine how inflation targeting (IT) and fiscal rules (FR) affect inflation and fiscal
performance in a large panel of countries during 1990–2009. In line with theory, both FR …

This paper estimates the treatment effect of inflation targeting on macroeconomic variables
using a semiparametric single index method by taking into account the model …

We study the characteristics of inflation targeting as a shock absorber, using quarterly data
for a large panel of countries. To overcome an endogeneity problem between monetary …