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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Banco Central de Chile
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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 |
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Banco Mundial |
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Banco Mundial |
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eng |
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INFLACIÓN POLÍTICA MONETARIA |
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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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1718347035578466304 |