Optimal inflation targeting: further developments of inflation targeting

Inflation targeting was first introduced in 1990, in New Zealand. Since then it has been adopted by more than twenty countries. This period of fifteen years has seen major progress in practical monetary policy. In particular, the practice of inflation targeting has led to a more systematic and consi...

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Autor principal: Svensson, Lars E. O.
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3722
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spelling oai-20.500.12580-37222021-04-24T11:00:01Z Optimal inflation targeting: further developments of inflation targeting Svensson, Lars E. O. INFLACIÓN POLÍTICA MONETARIA Inflation targeting was first introduced in 1990, in New Zealand. Since then it has been adopted by more than twenty countries. This period of fifteen years has seen major progress in practical monetary policy. In particular, the practice of inflation targeting has led to a more systematic and consistent internal decision process (Brash, 2000, Sims, 2002, Svensson 2001a), much more transparent communication with the private sector (Blinder and others, 2001, Fracasso, Genberg, and Wyplosz, 2003, Leeper, 2003), and an unprecedented degree of accountability. The monetary and real stability achieved is exceptional from a historical perspective (King, 2002). 2019-11-01T00:04:06Z 2019-11-01T00:04:06Z 2007 Artículo 978-956-7421-28-2 https://hdl.handle.net/20.500.12580/3722 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. 187-225 application/pdf NUEVA ZELANDIA Banco Central de Chile
institution Banco Mundial
collection Banco Mundial
language eng
topic INFLACIÓN
POLÍTICA MONETARIA
spellingShingle INFLACIÓN
POLÍTICA MONETARIA
Svensson, Lars E. O.
Optimal inflation targeting: further developments of inflation targeting
description Inflation targeting was first introduced in 1990, in New Zealand. Since then it has been adopted by more than twenty countries. This period of fifteen years has seen major progress in practical monetary policy. In particular, the practice of inflation targeting has led to a more systematic and consistent internal decision process (Brash, 2000, Sims, 2002, Svensson 2001a), much more transparent communication with the private sector (Blinder and others, 2001, Fracasso, Genberg, and Wyplosz, 2003, Leeper, 2003), and an unprecedented degree of accountability. The monetary and real stability achieved is exceptional from a historical perspective (King, 2002).
format Artículo
author Svensson, Lars E. O.
author_facet Svensson, Lars E. O.
author_sort Svensson, Lars E. O.
title Optimal inflation targeting: further developments of inflation targeting
title_short Optimal inflation targeting: further developments of inflation targeting
title_full Optimal inflation targeting: further developments of inflation targeting
title_fullStr Optimal inflation targeting: further developments of inflation targeting
title_full_unstemmed Optimal inflation targeting: further developments of inflation targeting
title_sort optimal inflation targeting: further developments of inflation targeting
publisher Banco Central de Chile
publishDate 2019
url https://hdl.handle.net/20.500.12580/3722
work_keys_str_mv AT svenssonlarseo optimalinflationtargetingfurtherdevelopmentsofinflationtargeting
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