International Experiences with Different Monetary Policy Regimes

Frederic Mishkin

Working Papers from Stockholm - International Economic Studies

Abstract: In recent years a growing consensus has emerged for price stability as the overriding, long-run goal of monetary policy. However, despite this consensus, the following question still remains: how should monetary policy be conducted to achieve the price stability goal? This paper examines the experience with different monetary policy regimes currently in use in a number of countries to shed light on this question. A central feature of all of the monetary regimes discussed here is the use of a nominal anchor in some form, so first we will examine what role a nominal anchor plays in promoting price stability.

Keywords: INFLATION; PRICES; MONETARY POLICY; POLICY MAKING STOCKHOLM SWEDEN. 45p. (search for similar items in EconPapers)
JEL-codes: E31 E42 E50 E52 E63 (search for similar items in EconPapers)
Date: 1998
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Citations: View citations in EconPapers (7)

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Related works:
Working Paper: International Experiences with Different Monetary Policy Regimes (2000)
Working Paper: International Experiences with Different Monetary Policy Regimes (1999)
Working Paper: International Experiences With Different Monetary Policy Regimes (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:stocin:648

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