We contribute to the growing empirical literature on impact of monetary policy income distribution by focusing adopting an inflation targeting (IT) regime guide policy. assess employing a panel 121 advanced and developing economies, including 27 IT adopters, during period 1971–2015. Our results suggest that adoption has contributed greater inequality household as measured Gini coefficient reduc...

The National Bank of Ukraine (NBU) suspended inflation targeting for the period martial law, but announced a return to it as soon situation allows. post-war normalization monetary policy in is historically unprecedented, since most known cases involve relaunch money circulation and adjustment banking activities, establishment central bank an institution designed eliminate macroeconomic precondi...

we compare alternative monetary policies for iranian economy that this paper compares alternative monetary policy rules for iranian economy in faces to both internal and external shocks. for this purpose, we investigate the responses of macroeconomic variables respected to the money base and the terms of trade shocks, under three types of monetary rules including fixed exchange rate, inflation ...

A number of recent papers have explored monetary policy options, including inflation targeting and inflation forecast targeting (notably Svensson (1999a, 1999b, 2000)) and price level targeting (Wolman 2000, Batini and Yates 1999, Blinder 1999). Most papers explore “optimal” monetary policy in the context of a single model. However, a number of conclusions made in the literature depend strongly...