Inflation Targeting

Lars Svensson

Working Papers from Princeton University, Department of Economics, Center for Economic Policy Studies.

Abstract: Inflation targeting is a monetary-policy strategy that was introduced in New Zealand in 1990, has been very successful, and as of 2007 had been adopted by more than 20 industrialized and non-industrialized countries. It is characterized by (a) an announced numerical inflation target, (b) an implementation of monetary policy that gives a major role to an inflation forecast and has been called ‘inflation-forecast targeting’, (c) and a high degree of transparency and accountability.

Keywords: New; Zealand (search for similar items in EconPapers)
JEL-codes: E42 E43 E47 E52 E58 (search for similar items in EconPapers)
Date: 2007-05
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://gceps.princeton.edu/wp-content/uploads/2017/01/144svensson.pdf

Related works:
Chapter: Inflation Targeting (2010)
Working Paper: Inflation Targeting (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pri:cepsud:144

Access Statistics for this paper

More papers in Working Papers from Princeton University, Department of Economics, Center for Economic Policy Studies. Contact information at EDIRC.
Bibliographic data for series maintained by Bobray Bordelon ().