INFLATION TARGETING AND FINANCIAL STABILITY DURING THE FINANCIAL CRISIS

Livia Maria Rotaru
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Livia Maria Rotaru: Bucharest University of Economic Studies

Theoretical and Applied Economics, 2013, vol. XX, issue Special I, 489-504

Abstract: The discussion on the conflict or complementarity between financial stability and price stability has always been one of great interest for economists, but this issue becomes even more relevant when confronted with special circumstances such as the recent financial crisis. It can be suggested that inflation targeting can contribute somewhat to a better economic response to such a shock. Comparing a sample of countries that have chosen inflation targeting with some that have not, both individually and overall, with respect to certain key indicators, we try to see if inflation targeting actually contributes to a country’s financial stability.

Keywords: financial stability; inflation targeting; monetary policy; financial crisis; response to shocks. (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xx:y:2013:i:special-i:p:489-504

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