 Inflation Targeting in Canada, New Zealand, Sweden, the United Kingdom, and in GeneralChapter 8 in Towards More Effective Monetary Policy, 1997, pp 211-252 from Palgrave Macmillan Abstract: Abstract One major objective of this chapter is to discuss arrangements and experiences in four countries that have recently adopted explicit inflation targets as guides for the conduct of monetary policy. The countries in question are Canada, New Zealand, Sweden, and the United Kingdom, all of which adopted official inflation targets between 1990 and 1993.1 As these countries instituted their inflation targets with substantially different legislative provisions and targeting procedures, their experiences should eventually provide useful information concerning the design of effective central bank arrangements. But too little time has passed to date for such conclusions to be drawn with any confidence, so in the meantime it will be necessary to base tentative evaluations of inflation targeting on theoretical analysis and more generalized historical experiences. The second major objective of this chapter, accordingly, is to provide an analytical discussion of this type of the more important strengths and weaknesses of inflation targeting schemes. Keywords: Monetary Policy; Central Bank; Inflation Rate; Consumer Price Index; Price Stability (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25382-1_8 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-25382-1_8 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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