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

David Cobham

MPRA Paper from University Library of Munich, Germany

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 179 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, presents the broad trends at global, regional and sub-regional levels, discusses the economic performance associated with different frameworks and the policy implications thereof, and identifies scope for further work.

Keywords: monetary policy framework; exchange rates; inflation targeting; inflation; economic growth (search for similar items in EconPapers)
JEL-codes: E42 E52 E58 F33 (search for similar items in EconPapers)
Date: 2022-09-07
New Economics Papers: this item is included in nep-cba, nep-his and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Monetary policy frameworks since Bretton Woods, across the world and its regions (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:114534

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