The 2012 Policy Targets Agreement: an evolution in flexible inflation targeting in New Zealand

Ross Kendall and Tim Ng

Reserve Bank of New Zealand Bulletin, 2013, vol. 76, No 4, 3-12

Abstract: The Policy Targets Agreement (PTA) frames monetary policy conduct. It sets out New Zealand's approach to 'flexible' inflation targeting, which seeks to maintain price stability over the medium term while accommodating, to some degree, shocks that can cause unnecessary economic volatility. A new PTA took effect in September 2012 with the appointment of Governor Graeme heeler. This article discusses the new PTA and how the changes fit within the overall monetary policy framework.

Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://rbnz.govt.nz/-/media/ReserveBank/Files/Publ ... dec76-4kendallng.pdf

Related works:
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: https://EconPapers.repec.org/RePEc:nzb:nzbbul:dec2013:4

Access Statistics for this article

More articles in Reserve Bank of New Zealand Bulletin from Reserve Bank of New Zealand Contact information at EDIRC.
Bibliographic data for series maintained by Reserve Bank of New Zealand Knowledge Centre ().