Bericht
Inflation Targeting and its Effects on Macroeconomic Performance
An increasing number of countries have adopted inflation targeting since New Zealand first adopted this framework in early 1990. Currently there are 21 countries using inflation targeting in every continent of the world. This paper discusses the characteristics of these countries and how the adoption of inflation targeting has affected their economic performance along several dimensions. The main conclusion is that inflation targeting has largely been a success. The new framework has made central banks, which previously lacked credibility, able to change the way they conduct monetary policy towards what is commonly considered best practice. In many respects they have even been leading in creating a new benchmark for how to formulate monetary policy.
- ISBN
-
978-3-902109-30-9
- Sprache
-
Englisch
- Erschienen in
-
Series: SUERF Studies ; No. 2005/5
- Klassifikation
-
Wirtschaft
Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
Monetary Policy
Central Banks and Their Policies
- Thema
-
Inflation targeting
Monetary policy
Inflationssteuerung
Wirkungsanalyse
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Petursson, Thorarinn G.
- Ereignis
-
Veröffentlichung
- (wer)
-
SUERF - The European Money and Finance Forum
- (wo)
-
Vienna
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Bericht
Beteiligte
- Petursson, Thorarinn G.
- SUERF - The European Money and Finance Forum
Entstanden
- 2005
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