Inflation targeting
Speech by Svein Gjedrem, Norges Bank, 10 June
SPEECH - Svein Gjedrem, governor of the Norges Bank gave a speech titled 'One year of inflation targeting' at the Norwegian School of Management's Centre for Monetary Economics on 10 June. He discusses Norway's experience of inflation targeting and…
Congress pushes for inflation targeting at the Fed
USA - A key member of Congress is attempting to pressure the Federal Reserve into adopting an inflation targeting regime. Although there is some support for this at the Fed, Chairman Alan Greenspan is vehemently opposed to the idea.
Inflation Targeting and the Inflation Process
RESEARCH - Reserve Bank of Australia Research Discussion Paper - Inflation Targeting and the Inflation Process: Some Lessons from an Open Economy by Guy Debelle and Jenny Wilkinson, Published in January 2002.
Asset Prices and Inflation Targeting
RESEARCH - Asset Prices on a Flexible Inflation Targeting Framework by Stephen G Cecchetti, Hans Genberg and Sushil Wadhwani, April 2002. Prepared for the conference on "Asset Price Bubbles: Implications for Monetary, Regulatory, and International…
Speech by David Dodge, Governor of Bank of Canada
SPEECH - In the speech titled 'Inflation Targeting During a Difficult Year' Dodge reiterated his view that the Canadian economy will grow between 1% and 2% in the year's first half and then accelerate. "As I have already noted, it is becoming clearer…
Peru's central bank moves to inflation targeting
PERU - Peru's central bank has made inflation targeting its main tool for signalling the direction of monetary policy, Central Reserve Bank of Peru President Richard Webb said Tuesday.
Speech by Reserve Bank of New Zealand governor
SPEECH - In the speech 'Inflation targeting 14 years on' Brash says that in New Zealand's experience he has little doubt that the adoption of inflation targeting helped to provide an anchor for monetary policy in New Zealand.
Speech by David Dodge of Bank of Canada
SPEECH - In the speech titled 'Inflation Targeting in Canada: Experience and Lessons' Dodge said that he still expects the Canadian economy to improve by the second half of 2002 and that the Canadian economy may actually have grown in the fourth quarter…
IMF Working Paper - Inflation Targeting
RESEARCH - Inflation Targeting and the Unemployment-Inflation Trade-off by Eric Clifton, Hyginus Leon and Chorng-Huey Wong, International Monetary Fund, October 2001.
Speech by Jarle Bergo, Dep Governor Norges Bank
SPEECH - Speech by Jarle Bergo, Deputy Governor of Norges Bank, the central bank of Norway at the General Meeting of ACI Norge on 31 August.
Philippines: Preparations for Inflation Targeting
WORKING PAPER - IMF Working Paper written by Piyabha Kongsamut and published August 2001.
Paper - Reserve Bank of Australia 2001 Conference
RESEARCH - A paper titled 'The Case for Inflation Targeting in East Asian Countries' was presented at the RBA's 2001 conference, Future Directions for Monetary Policies in East Asia.
Federal Reserves Meyer on Inflation Targets
SPEECH - Federal Reserve Board member, Governor Laurence H. Meyer has given a speech at the University of California, San Diego Economics Roundtable, San Diego, California. The speech is titled "Inflation Targets and Inflation Targeting" and was made…
Optimal horizons for inflation targeting
ARTICLE - This paper investigates the problem of selecting an optimal horizon for inflation targeting in the United Kingdom. It was written by Nicoletta Batini and Edward Nelson of the Monetary Policy Committee Unit, Bank of England.
What is wrong with Taylor Rules?
ARTICLE - Lars Svensson, professor of economics at Stockholm University, has published an article "What is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules". In the paper, Svensson says that Taylor Rules are an…
Inflation targeting and the liquidity trap
ARTICLE - Bennett McCallum from the National Bureau of Economic Research has published an article on "Inflation Targeting and the Liquidity Trap". The paper says that 'liquidity trap' issues do not have an important bearing on the desirability of…
Icelandic April inflation higher than forecasts
ICELAND - Iceland's consumer price index rose 1.2 percent in Apr 2001 to stand 4.5 percent higher than a year earlier, the national statistics office Statice said on Apr 11.
Inflation targeting improved-CNB Niedermayer
CZECH REPUBLIC - The effectiveness of the inflation targeting of the Czech National Bank CNB should be improved with the shift to targeting of overall inflation and setting a corridor for price movements up to 2005, CNB vice-governor Ludek Niedermayer…
Inflation targeting and IMF conditionality
CENTRAL BANK RESEARCH - An IMF working paper "Inflation targeting in the context of IMF-supported adjustment programs" uses Brazil as an example how the IMF's traditional monetary conditionality should be adapted in IMF-supported adjustment programs with…
Iceland considering inflation target for two years
ICELAND - Iceland adopted an inflation target on Mar 28, 2001. Mar Gudmundsson, chief economist of the central bank, said to CentralBankNet that discussions about an inflation target had been going on for two years.
Iceland floats krona, adopts 2.5% inflation target
ICELAND - On Mar 27, 2001, Iceland decided to float the krona and adopt a 2.5% inflation target. The krona has come under much pressure in recent weeks most recently on Mar 26, forcing the central bank to intervene in the markets to maintain the currency…
Is inflation targeting feasible in Poland?-article
ARTICLE - "Is inflation targeting feasible in Poland?" is a new article in the journal The Economics of Transition, Volume 9: Issue 1, co-written by Peter Christoffersen at McGill University, and Torsten Slk and Robert Wescott at the International…
Q&A: New procedures for BoJ money mkt operations
ARTICLE - The Bank of Japan has published a short question and answer article about its new procedures for money market operations which started on Mar 19, 2001. It says that although the procedures are intended to produce the same effects as the "Zero…
Turkish cbank to adopt monetary policy committee
SPEECH - In his first speech as governor of the Central Bank of Turkey on Mar 19, 2001, Sureyya Serdengecti discusses the continuing liquidity problems faced the the country's state bank and how this is hampering the implementation of monetary policy. He…