Inflation Targeting and Behavioural Economics: Introduction

Martina Vránková ()
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Martina Vránková: University of Economics

A chapter in Proceedings of FIKUSZ '12, 2012, pp 91-100 from Óbuda University, Keleti Faculty of Business and Management

Abstract: This contribution can be understood as a theoretical introductory chapter which focuses on an increasingly widespread monetary regime – inflation targeting within a relatively new economic field – Behavioural economics. Mainstream economics have a tendency to ignore the relatively extensive and deep knowledge of humanities sciences dealing with human behaviour and decision-making processes. Why not improve the standing economical models and the current paradigma with this knowledge? The target of this paper is to outline the possibilities of using behavioural economics to improve inflation targeting.

Keywords: Behavioural economics; inflation targeting; central bank behaviour (search for similar items in EconPapers)
JEL-codes: M31 M37 (search for similar items in EconPapers)
Date: 2012
ISBN: 978-615-5018-47-3
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