Income inequality is an important issue in achieving sustainable growth in developing
economies. However, there is a dearth of studies that examine the distributional effects of …

In this study, we introduce progressive taxation and human capital differences across
productive sectors into a typical monetary policy game. The objective of this work is to reveal …

The demand-led growth literature is embroiled in a controversy surrounding the long-run
stationarity of capacity utilization. One perspective posits that a non-stationary rate of …

In this paper, we study whether adopting inflation targeting in emerging market economies
affects the output costs of disinflation, controlling for a number of additional factors. Based on …

This paper proposes new measures of the effectiveness of inflation targeting (IT) and
evaluates its main drivers in a (large) sample of advanced economies (AEs) and emerging …

This article presents a systematic literature review spanning the decade of 2010–2020 in a
thematic fashion. It provides an in-depth analysis of how monetary policy regimes are …

This study investigates historical inflation persistence in India under three distinct regimes:
monetary targeting, multiple indicator, and inflation targeting (IT). Previous stud-ies for India …

We investigate the credibility of inflation targeting (IT) central banks (CBs) by estimating
perceived inflation targets of the financial markets. We calculate financial markets' beliefs …

In this paper we review the literature on the impact that monetary policy has on growth and
employment in developing countries. Much of the literature focusses on the impact of …

This article examines how monetary policy responses to economic shocks and monetary
policy effectiveness have changed in the Philippines since inflation targeting was …