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Origins and early development of the inflation target

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Author Info
Michael Reddell (Reserve Bank of New Zealand)
Abstract

Explicit inflation targeting was pioneered in New Zealand in the late 1980s. This article explains how the system gradually came about. It traces some of the early influences and thinking that had, by the end of 1990, given us pretty much the structures still in use today.

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File URL: http://www.rbnz.govt.nz/research/bulletin/1997_2001/1999sep62_3reddell.pdf
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Publisher Info
Article provided by Reserve Bank of New Zealand in its journal Reserve Bank of New Zealand Bulletin.

Volume (Year): 62 (1999)
Issue (Month): (September)
Pages:
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Handle: RePEc:nzb:nzbbul:september1999:6

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  1. Grant Spencer & Ozer Karagedikli, 2006. "Modelling for monetary policy: the New Zealand experience," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 69, pages 8p., June. [Downloadable!]
  2. Murray Sherwin., 2000. "Institutional frameworks for inflation targeting?," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 63, December. [Downloadable!]
  3. John Janssen, 2001. "New Zealand's Fiscal Policy Framework: Experience and Evolution," Treasury Working Paper Series 01/25, New Zealand Treasury. [Downloadable!]
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This page was last updated on 2009-11-27.

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