The Specification of the Inflation Target

Ed Balls and Gus O’Donnell

Chapter 5 in Reforming Britain’s Economic and Financial Policy, 2002, pp 71-84 from Palgrave Macmillan

Abstract: Abstract This chapter discusses issues relevant to the choice of inflation target once the decision to direct monetary policy towards achieving low and stable inflation has been made.

Keywords: Monetary Policy; Real Interest Rate; Nominal Interest Rate; Inflation Target; Monetary Policy Committee (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59983-3_6

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DOI: 10.1057/9780230599833_6

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