Inflation Targeting: Recent Challenges
Evolution of inflation targeting, institutional setup and process of setting the targets
978-3-639-24454-0
3639244540
124
2010-03-24
59.00 €
eng
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Inflation targeting regime is increasingly popular around the world and more than 20 countries adopted this regime in the 1990s and 2000s. A characteristic feature of inflation targeting is an explicit numerical target for inflation, as well as a major role for inflation forecast in monetary policy conduct due to lags in monetary transmission and a high degree of accountability and transparency. The success of inflation targeting lies in the fact that it combines the virtues of rule-based decision making with some degree of discretion.
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Экономика
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