Inflation targeting: the New Zealand experience

The Reserve Bank of New Zealand released a paper 'Inflation Targeting: the New Zealand Experience and Some Lessons' on Wednesday 18 January, by Dr Alan Bollard and Ozer Karagedikli, which was presented to a conference hosted by the Central Bank of the Republic of Turkey.

Inflation targeting has become a very popular monetary policy regime in many developed and emerging market economies. In this paper we review the New Zealand's inflation targeting experience. New Zealand's experience can be

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