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Through any of these channels, higher
inflation. This mechanism is based on interest market rates constrain demand and inflation,
rates and yields in the key
Would Households Understand
Average Inflation Targeting?. CEPR Discussion Papers, 2021. – No. 16786.
Honkapohja S., McClung N. On Robustness of Average Inflation Targeting. – 2021.
Jensen H.
2014. Inflation forecasts and core inflation measures: Where is the
information on future inflation?
39. Mankiw, N. Gregory & Ricardo Reis, 2003. What Measure of Inflation
2010.00334.x.
George Akerlof, William Dickens, and George Perry. Low inflation or no inflation: Should the
federal reserve pursue complete price stability? Challenge, 39
2004). Inflation Report October-December 2003 and Monetary Program
for 2004.
5. Bangko Sentral ng Pilipinas (2006Q4). Inflation Report.
6. Bank of England. Monetary Policy: Inflation
1176
18.05.2023
format of the inflation target. Understandably, this module has drawn the most attention. It involves the discussion of the inflation target.
The inflation target is
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18.05.2023
Russia summarises findings of its review of the monetary policy over the inflation targeting period since 2015. The review focused on the assessment of the
Russia) Bank of Russia key rate RUONIA Zero coupon yield curve EURIBOR Inflation rate in Russia
Source: Bank of Russia.
for 30 June 2023 (the
given the situation for achieving
Foreign currency-denominated assets and precious metals the inflation target. The key rate is set by the Bank of Russia
mainly
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12.05.2023
did not change much. Annual growth of money supply somewhat slowed. Households’ inflation expectations declined while businesses’ price expectations slightly rose.
In March, lending activity