Inflation targeting
RBIs Subbarao pillories inflation targeting
India’s governor says crisis has “diluted if not dissolved” inflation-targeting consensus; says fiscal dominance likely to remain
Inflation targets must be raised: IMF’s Blanchard
IMF economists Olivier Blanchard, Giovanni Dell’Ariccia and Paulo Mauro call for central banks to revise their price growth targets if they want to avoid crippling deflation
Ghana suited to inflation targeting: IMF paper
International Monetary Fund paper says the country does not suffer problems in credibility, which helps in the inflation targeting framework
Inflation targeting the best available option: RBNZ’s Bollard
Reserve Bank of New Zealand governor Alan Bollard says although the method has not always ensured stability, it is better than the alternatives
Real exchange rate matters: SARB’s Mminele
South African Reserve Bank’s Daniel Mminele on the role of exchange rates in monetary policy
SARB split over rate hold
Majority opt to hold rates at 7%, governor discusses inflation-targeting review
Inflation targeting insufficient: China’s Zhou
People’s Bank of China’s Zhou Xiaochuan says targeting low inflation alone is inadequate, particularly in light of the financial crisis
Ex-RBNZ head hits back at inflation-targeting critics
First governor to preside over the introduction of inflation targeting defends framework against recent criticisms
Inflation targeting remains relevant
Inflation targeting can and should survive recent criticisms, argues Don Brash, a former governor of the Reserve Bank of New Zealand – the first central bank to introduce the framework
Korea widens inflation target range
Central bank widens inflation band by 0.5% each way, giving it room to manoeuvre against volatility
Opposition leader slams RBNZ’s inflation-targeting focus
New Zealand’s main opposition leader says his party will withdraw support for the central bank’s inflation targeting framework
SARB’s mandate up for review
Pretoria to mull Reserve Bank’s inflation-targeting framework; central bank holds rates
Price volatility lower in inflation-targeting countries
Reserve Bank of Australia compares inflation volatility in inflation-targeting and non-inflation-targeting countries
Evaluating monetary policy
Risksbank’s Svensson on the difficulties of measuring the right rate for inflation targeting
Morocco to cap reform with price target
Governor tells CentralBanking.com that Bank Al-Maghrib is preparing to adopt inflation target
No way to tell if QE’s worked: BoE’s Bean
MPC will have to tighten gradually to avoid undershooting inflation target
Canada taking “hard look” at price-level target
Bank of Canada’s Paul Jenkins says central bank undertaking “considerable study” on pros and cons of price-level targeting
Flexible targeting still best practice: Riksbank’s Svensson
Lars Svensson, Deputy Governor of Sweden’s Riksbank, says impact of finance on monetary transmission mechanism must be better understood
Bank to hold seminar to clarify QE
Bank of England invites economists and the press next week to mark six months since the start of bond purchases, denies “crisis” meeting
Fed economist says 2% too low for inflation
San Francisco Federal Reserve’s John Williams says 2% inflation “insufficiently high” to protect economy
Riksbank's Svensson calls for better forecasting
Riksbank’s Lars Svensson reviews the development of the Riksbank’s transparency and communication since its independence in 1999
Crisis set to change inflation targeting: CentralBanking.com subscribers
CentralBanking.com snapshot shows most think inflation targeting will change. Almost a third believe crisis marks end of framework
Fischer heralds shift to “flexible” inflation targeting
Bank of Israel’s Stanley Fischer tells Jackson Hole audience that inflation targeting will survive the crisis. More downbeat on global imbalances
Canada’s Carney backs price-level target
Bank of Canada’s Mark Carney says maintaining economic stability may require rethink on monetary policy