Monetary Policy Implementation and Results in Twenty Inflation-Targeting Countries
Inflation targeting is an increasingly popular monetary regime among industrialized and developing central banks. However, there is little cross-country comparative information about commonalties and differences in monetary policy implementation and results across inflation-targeting countries. This paper presents the results of a survey on monetary policy conducted among the world’s twenty central banks that currently target inflation. Survey responses highlight operational features of monetary policy implementation, the ways monetary decisions are made and communicated to the public, and the models on which monetary policy decisions and macroeconomic forecasts are based. The paper also reports the dynamic simulation effects of monetary policy changes on output and inflation reported by individual central banks.
|Date of creation:||Jun 2002|
|Date of revision:|
|Contact details of provider:|| Postal: Casilla No967, Santiago|
Phone: (562) 670 2000
Fax: (562) 698 4847
Web page: http://www.bcentral.cl/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:chb:bcchwp:166. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Claudio Sepulveda)
If references are entirely missing, you can add them using this form.