A critical view of inflation targeting: crises, limited sustainability and aggregate shocks

Inflation targeting has recently been adopted by the central banks of several advanced economies, including Australia, Canada, Finland, New Zealand, Spain, Sweden, and the United Kingdom. The policy is widely perceived as having been successful (see the discussions in Leiderman and Svensson, 1995, M...

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Autor principal:	Kumhof, Michael
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	INFLACIÓN BANCOS CENTRALES
Acceso en línea:	https://hdl.handle.net/20.500.12580/3671
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spelling	oai-20.500.12580-36712021-04-24T10:32:28Z A critical view of inflation targeting: crises, limited sustainability and aggregate shocks Kumhof, Michael INFLACIÓN BANCOS CENTRALES Inflation targeting has recently been adopted by the central banks of several advanced economies, including Australia, Canada, Finland, New Zealand, Spain, Sweden, and the United Kingdom. The policy is widely perceived as having been successful (see the discussions in Leiderman and Svensson, 1995, McCallum, 1996, Bernanke and others, 1999), and it is now increasingly being implemented by emerging economies. 2019-11-01T00:01:46Z 2019-11-01T00:01:46Z 2002 Artículo 956-7421-102 https://hdl.handle.net/20.500.12580/3671 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. 249-394 application/pdf Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	eng
topic	INFLACIÓN BANCOS CENTRALES
spellingShingle	INFLACIÓN BANCOS CENTRALES Kumhof, Michael A critical view of inflation targeting: crises, limited sustainability and aggregate shocks
description	Inflation targeting has recently been adopted by the central banks of several advanced economies, including Australia, Canada, Finland, New Zealand, Spain, Sweden, and the United Kingdom. The policy is widely perceived as having been successful (see the discussions in Leiderman and Svensson, 1995, McCallum, 1996, Bernanke and others, 1999), and it is now increasingly being implemented by emerging economies.
format	Artículo
author	Kumhof, Michael
author_facet	Kumhof, Michael
author_sort	Kumhof, Michael
title	A critical view of inflation targeting: crises, limited sustainability and aggregate shocks
title_short	A critical view of inflation targeting: crises, limited sustainability and aggregate shocks
title_full	A critical view of inflation targeting: crises, limited sustainability and aggregate shocks
title_fullStr	A critical view of inflation targeting: crises, limited sustainability and aggregate shocks
title_full_unstemmed	A critical view of inflation targeting: crises, limited sustainability and aggregate shocks
title_sort	critical view of inflation targeting: crises, limited sustainability and aggregate shocks
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3671
work_keys_str_mv	AT kumhofmichael acriticalviewofinflationtargetingcriseslimitedsustainabilityandaggregateshocks AT kumhofmichael criticalviewofinflationtargetingcriseslimitedsustainabilityandaggregateshocks
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A critical view of inflation targeting: crises, limited sustainability and aggregate shocks

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