EconPapers    
Economics at your fingertips  
 

Monetary Policy Under Inflation Targeting: An Introduction

Frederic Mishkin () and Klaus Schmidt-Hebbel ()

Working Papers Central Bank of Chile from Central Bank of Chile

Abstract: This brief review takes stock of the recent literature on monetary policy under inflation targeting and introduces new analytical and empirical research in this field. Six key areas of previous research are reviewed: the practice and optimality of inflation targeting regime features; optimal monetary policy; uncertainty, learning, and monetary policy; transparency, communication, and accountability; asset prices and monetary policy; and economic performance under inflation targeting and in comparison to non-targeting regimes. The review suggests a significant number of open issues that are addressed in 13 new contributions presented at the 2005 Annual Conference of the Central Bank of Chile, which are summarized here.

Date: 2006-12
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (16) Track citations by RSS feed

Downloads: (external link)
http://www.bcentral.cl/estudios/documentos-trabajo/pdf/dtbc396.pdf (application/pdf)

Related works:
Chapter: Monetary Policy under Inflation Targeting: An Introduction (2007) Downloads
Journal Article: MONETARY POLICY UNDER INFLATION TARGETING: AN INTRODUCTION (2006) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:chb:bcchwp:396

Access Statistics for this paper

More papers in Working Papers Central Bank of Chile from Central Bank of Chile
Contact information at EDIRC.
Series data maintained by Claudio Sepulveda ().

 
Page updated 2014-08-08
Handle: RePEc:chb:bcchwp:396