Establishing the credibility of inflation targets

Inflation targetting as a monetary policy framework was introduced for the first time in 1990 by New Zealand. By adopting this framework, New Zealand introduced a monetary policy approach which clearly stated its ultimate objective: price stability. A number of countries adopted this policy a p p roach in the decade after it was introduced by New Zealand. Over 50 countries were using explicit inflation targets by 2000, although only 18 of those are classified as inflation targetting (Casteleijn,

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: