Archive for July 1st, 2011

Who sets inflation targets and what determines the target?

July 1, 2011

Roman Horváth  and  Jakub Matějů have written a nice paper on the topic. Summary is on voxeu.

There are some interesting findings. First, there are differences between economies on who sets the inflation target.

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Lessons from Czech economy on resolving the euro crisis

July 1, 2011

This is an insightful speech by Czech central bank governor Miroslav Singer. He first looks at some shocking facts on  Czech economy, then looks into Czech history of financial crisis and draws lessons for Eurozone over the same.

First some shocking facts.

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More evidence on headline vs core

July 1, 2011

Debate keeps hotting up.  This new paper from Philadelphia Fed economists says there is no evidence that core inflation is a better measure for inflation.

The main findings are:

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