“Make-up” strategies may boost monetary policy, says paper

Price-level and average inflation targeting regimes stabilise import-related inflation, researchers find

Bank of Italy
The Bank of Italy

Some monetary policy strategies work better than targeting a certain level of inflation, a working paper published by the Bank of Italy finds.

In Make-up strategies and exchange rate pass-through in a low-interest-rate environment, Alessandro Cantelmo, Pietro Cova, Alessandro Notarpietro and Massimiliano Pisani examine three strategies. The authors look at two “make-up strategies” – price-level targeting and average inflation targeting – and compare these to inflation targeting.

Under price

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

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 individual account

.