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Inflation Targeting in New Zealand: Experience and Practice

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  • Brash, D.
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    Abstract

    Does the practice of inflation targteting reflect sound economic principles? Certainly, the inflation-targeting regime in New-Zealand has been subject to considerable academic scrutiny along these lines. I suggest, however, that some other questions are more interesting for today's discussion. Have we made progress in the practice of monetary policy? Have we learned anything about inflation targeting along the way? And what is the way forward? I'm going to use these questions to define the main themes of my address. I will argue that an inflation-targeting framework is not the same as a day-to-day policy for inflation-targeting.

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    Bibliographic Info

    Paper provided by Stockholm - International Economic Studies in its series Papers with number 641.

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    Date of creation: 1998
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    Handle: RePEc:fth:stocin:641

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    Keywords: INFLATION ; MONETARY POLICY STOCKHOLM SWEDEN. 11p.;

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    Cited by:
    1. Roseline Nyakerario Misati & Esman Morekwa Nyamongo & Lucas Kamau Njoroge & Sheila Kaminchia, 2012. "Feasibility of inflation targeting in an emerging market: evidence from Kenya," Journal of Financial Economic Policy, Emerald Group Publishing, vol. 4(2), pages 146-159, June.
    2. Jane Sneddon Little & Teresa Foy Romano, 2008. "Inflation targeting: central bank practice overseas," Public Policy Brief, Federal Reserve Bank of Boston.

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