Monetary policy frameworks since Bretton Woods, across the world and its regions

David Cobham

Review of World Economics (Weltwirtschaftliches Archiv), 2024, vol. 160, issue 3, No 5, 873-903

Abstract: Abstract The Comprehensive Monetary Policy Framework (CMPF) project, which considers de jure and de facto, domestic (money, inflation) and external (exchange rate), monetary policy targets, has now classified 186 countries/currency areas from 1974 to 2017. This means that it is now possible to track the evolution of monetary policy frameworks across the world and its regions. This paper outlines the methodology of the classification and analyses the trends at global, regional and sub-regional levels.

Keywords: Monetary policy framework; Exchange rates; Inflation targeting; Discretion; Inflation; Economic growth (search for similar items in EconPapers)
JEL-codes: E42 E52 E58 F33 (search for similar items in EconPapers)
Date: 2024
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Working Paper: Monetary policy frameworks since Bretton Woods, across the world and its regions (2022)
Working Paper: Monetary policy frameworks since Bretton Woods, across the world and its regions (2022)
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DOI: 10.1007/s10290-023-00517-1

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