Inflation targeting versus price-path targeting: looking for improvements

The world’s central banks have undergone dramatic changes in the past fifteen years. Increases in independence and transparency have been coupled with a shift in focus. Price stability is now the paramount objective for the vast majority of modern central bankers. Combined, these changes in central...

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Autores principales: Cecchetti, Stephen G., Krause, Stefan
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3724
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spelling oai-20.500.12580-37242021-04-24T11:00:12Z Inflation targeting versus price-path targeting: looking for improvements Cecchetti, Stephen G. Krause, Stefan INFLACIÓN BANCOS CENTRALES PRECIOS The world’s central banks have undergone dramatic changes in the past fifteen years. Increases in independence and transparency have been coupled with a shift in focus. Price stability is now the paramount objective for the vast majority of modern central bankers. Combined, these changes in central bank structure and policy framework have yielded substantial benefits. Low and stable inflation has brought with it high and stable growth. 2019-11-01T00:03:36Z 2019-11-01T00:03:36Z 2007 Artículo 978-956-7421-28-2 https://hdl.handle.net/20.500.12580/3724 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. 265-290 application/pdf Banco Central de Chile
institution Banco Central
collection Banco Central
language eng
topic INFLACIÓN
BANCOS CENTRALES
PRECIOS
spellingShingle INFLACIÓN
BANCOS CENTRALES
PRECIOS
Cecchetti, Stephen G.
Krause, Stefan
Inflation targeting versus price-path targeting: looking for improvements
description The world’s central banks have undergone dramatic changes in the past fifteen years. Increases in independence and transparency have been coupled with a shift in focus. Price stability is now the paramount objective for the vast majority of modern central bankers. Combined, these changes in central bank structure and policy framework have yielded substantial benefits. Low and stable inflation has brought with it high and stable growth.
format Artículo
author Cecchetti, Stephen G.
Krause, Stefan
author_facet Cecchetti, Stephen G.
Krause, Stefan
author_sort Cecchetti, Stephen G.
title Inflation targeting versus price-path targeting: looking for improvements
title_short Inflation targeting versus price-path targeting: looking for improvements
title_full Inflation targeting versus price-path targeting: looking for improvements
title_fullStr Inflation targeting versus price-path targeting: looking for improvements
title_full_unstemmed Inflation targeting versus price-path targeting: looking for improvements
title_sort inflation targeting versus price-path targeting: looking for improvements
publisher Banco Central de Chile
publishDate 2019
url https://hdl.handle.net/20.500.12580/3724
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