Inflation Targeting in New Zealand: Experience and Practice
AbstractDoes 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 InfoPaper provided by Stockholm - International Economic Studies in its series Papers with number 641.
Date of creation: 1998
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Postal: UNIVERSITY OF STOCKHOLM, INSTITUTE FOR INTERNATIONAL ECONOMIC STUDIES, S- 106 91 STOCKHOLM SWEDEN.
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INFLATION ; MONETARY POLICY STOCKHOLM SWEDEN. 11p.;
Find related papers by JEL classification:
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
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- Jane Sneddon Little & Teresa Foy Romano, 2008. "Inflation targeting: central bank practice overseas," Public Policy Brief, Federal Reserve Bank of Boston.
- 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.
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