Optimal inflation targeting under alternative fiscal regimes

Optimal inflation targeting under alternative fiscal regimes

Inflation targeting has become an increasingly popular approach to the conduct of monetary policy worldwide since the early 1990s. Most of the countries that have adopted inflation targeting judge the experiment favorably, at least thus far. In many countries, the adoption of inflation targeting has...

Descripción completa

Guardado en:
Detalles Bibliográficos
Autores principales: Benigno, Pierpaolo, Woodford, Michael, 1955-
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
Materias:
INFLACIÓN
POLÍTICA MONETARIA
Acceso en línea:https://hdl.handle.net/20.500.12580/3719
Etiquetas: Agregar Etiqueta
Sin Etiquetas, Sea el primero en etiquetar este registro!
id oai-20.500.12580-3719
record_format dspace
spelling oai-20.500.12580-37192021-04-24T10:59:42Z Optimal inflation targeting under alternative fiscal regimes Benigno, Pierpaolo Woodford, Michael, 1955- INFLACIÓN POLÍTICA MONETARIA Inflation targeting has become an increasingly popular approach to the conduct of monetary policy worldwide since the early 1990s. Most of the countries that have adopted inflation targeting judge the experiment favorably, at least thus far. In many countries, the adoption of inflation targeting has been associated with reductions in both the average level and the volatility of inflation. Inflation targeting has been especially successful in stabilizing inflation expectations. This stems from inflation-targeting central banks’ emphasis on a clear medium-term commitment for inflation (while temporary departures from the inflation target are allowed) and their increased communication with regard to the outlook for inflation over the next few years. 2019-11-01T00:03:39Z 2019-11-01T00:03:39Z 2007 Artículo 978-956-7421-28-2 https://hdl.handle.net/20.500.12580/3719 eng Series on Central Banking, Analysis, and Economic Policies, no. 11 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 37-75 application/pdf Banco Central de Chile
institution Banco Central
collection Banco Central
language eng
topic INFLACIÓN
POLÍTICA MONETARIA
spellingShingle INFLACIÓN
POLÍTICA MONETARIA
Benigno, Pierpaolo
Woodford, Michael, 1955-
Optimal inflation targeting under alternative fiscal regimes
description Inflation targeting has become an increasingly popular approach to the conduct of monetary policy worldwide since the early 1990s. Most of the countries that have adopted inflation targeting judge the experiment favorably, at least thus far. In many countries, the adoption of inflation targeting has been associated with reductions in both the average level and the volatility of inflation. Inflation targeting has been especially successful in stabilizing inflation expectations. This stems from inflation-targeting central banks’ emphasis on a clear medium-term commitment for inflation (while temporary departures from the inflation target are allowed) and their increased communication with regard to the outlook for inflation over the next few years.
format Artículo
author Benigno, Pierpaolo
Woodford, Michael, 1955-
author_facet Benigno, Pierpaolo
Woodford, Michael, 1955-
author_sort Benigno, Pierpaolo
title Optimal inflation targeting under alternative fiscal regimes
title_short Optimal inflation targeting under alternative fiscal regimes
title_full Optimal inflation targeting under alternative fiscal regimes
title_fullStr Optimal inflation targeting under alternative fiscal regimes
title_full_unstemmed Optimal inflation targeting under alternative fiscal regimes
title_sort optimal inflation targeting under alternative fiscal regimes
publisher Banco Central de Chile
publishDate 2019
url https://hdl.handle.net/20.500.12580/3719
work_keys_str_mv AT benignopierpaolo optimalinflationtargetingunderalternativefiscalregimes
AT woodfordmichael1955 optimalinflationtargetingunderalternativefiscalregimes
_version_ 1718346669439844352

Ejemplares similares