Inflation targeting: an overview

Inflation targeting: an overview

After the emergence of a consensus in the 1980s on the harmful effects of inflation, the last decade of the twentieth century witnessed a market reduction in inflation rates across the world. By the end of the 1980s, empirical evidence collected from large cross-country analyses and numerous case st...

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Autores principales: Loayza O., Norman, Soto, Raimundo
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
Materias:
INFLACIÓN
MACROECONOMÍA
Acceso en línea:https://hdl.handle.net/20.500.12580/3664
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spelling oai-20.500.12580-36642021-04-24T10:31:48Z Inflation targeting: an overview Loayza O., Norman Soto, Raimundo INFLACIÓN MACROECONOMÍA After the emergence of a consensus in the 1980s on the harmful effects of inflation, the last decade of the twentieth century witnessed a market reduction in inflation rates across the world. By the end of the 1980s, empirical evidence collected from large cross-country analyses and numerous case studies indicated that the negatice effects of high and variable inflation on macroeconomic stability, economic growth, and income distribution largely outweigh the potential benefits derived from financing fiscal deficits through monetization. 2019-11-01T00:01:31Z 2019-11-01T00:01:31Z 2002 Artículo 956-7421-102 https://hdl.handle.net/20.500.12580/3664 eng Series on Central Banking, Analysis, and Economic Policies, no. 5 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 01-21 application/pdf Banco Central de Chile
institution Banco Central
collection Banco Central
language eng
topic INFLACIÓN
MACROECONOMÍA
spellingShingle INFLACIÓN
MACROECONOMÍA
Loayza O., Norman
Soto, Raimundo
Inflation targeting: an overview
description After the emergence of a consensus in the 1980s on the harmful effects of inflation, the last decade of the twentieth century witnessed a market reduction in inflation rates across the world. By the end of the 1980s, empirical evidence collected from large cross-country analyses and numerous case studies indicated that the negatice effects of high and variable inflation on macroeconomic stability, economic growth, and income distribution largely outweigh the potential benefits derived from financing fiscal deficits through monetization.
format Artículo
author Loayza O., Norman
Soto, Raimundo
author_facet Loayza O., Norman
Soto, Raimundo
author_sort Loayza O., Norman
title Inflation targeting: an overview
title_short Inflation targeting: an overview
title_full Inflation targeting: an overview
title_fullStr Inflation targeting: an overview
title_full_unstemmed Inflation targeting: an overview
title_sort inflation targeting: an overview
publisher Banco Central de Chile
publishDate 2019
url https://hdl.handle.net/20.500.12580/3664
work_keys_str_mv AT loayzaonorman inflationtargetinganoverview
AT sotoraimundo inflationtargetinganoverview
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