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Таргет по инфляции: формулировка цели и последствия ее смены. Обзор международного опыта. // Inflation Target: Formulation of the Goal and Implications of its Change. Overview of international experience

Author

Listed:
  • Агамбаева С.Б. // Agambayeva S.B.

    (National Bank of Kazakhstan)

  • Джусангалиева К.Е. // Jussangaliyeva K.E.

    (National Bank of Kazakhstan)

  • Акылбеков А.А. // Akylbekov A.A.

    (National Bank of Kazakhstan)

  • Ханетова А.Б. // Khanetova A.B.

    (National Bank of Kazakhstan)

Abstract

В рамках данной статьи был проанализирован международный опыт изменения таргета по инфляции, факторов и причин, побудивших органы монетарной политики к пересмотру целевых ориентиров. Также на основе опыта стран, применяющих инфляционное таргетирование, были оценены преимущества и недостатки различных способов формулировки цели по инфляции (точечная цель, диапазон, точечная цель с допустимыми отклонениями). На основе проведенного международного обзора были сформулированы основные выводы и рекомендации, которые в дальнейшем могут быть использованы при принятии решений в области монетарной политики. // In the article the international experience of changing inflation target, factors and reasons that prompted the monetary authorities to revision of targets. Also based on the experience of countries applying inflation targeting, the advantages and disadvantages of various ways of formulating inflation targets (point target, range, point target with deviations). Based on an international review, the main conclusions and recommendations are formulated, which can be further used in making decisions in the field of monetary policy.

Suggested Citation

  • Агамбаева С.Б. // Agambayeva S.B. & Джусангалиева К.Е. // Jussangaliyeva K.E. & Акылбеков А.А. // Akylbekov A.A. & Ханетова А.Б. // Khanetova A.B., 2022. "Таргет по инфляции: формулировка цели и последствия ее смены. Обзор международного опыта. // Inflation Target: Formulation of the Goal and Implications of its Change. Overview of international experie," Economic Review(National Bank of Kazakhstan), National Bank of Kazakhstan, issue 3/4, pages 4-25.
    • Handle: RePEc:aob:journl:y:2022:i:3-4:p:4-25
    as

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    References listed on IDEAS

    as
    1. Ehrmann, Michael, 2021. "Point targets, tolerance bands or target ranges? Inflation target types and the anchoring of inflation expectations," Journal of International Economics, Elsevier, vol. 132(C).
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    5. Laurence H. Meyer, 2001. "Inflation targets and inflation targeting," Review, Federal Reserve Bank of St. Louis, vol. 83(Nov.), pages 1-14.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    денежно-кредитная политика; инфляционное таргетирование; таргет по инфляции; monetary policy; inflation targeting; inflation target;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • C55 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Large Data Sets: Modeling and Analysis

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