Inflation targeting
Inflation targeting: its roots and rationale
Research published by the International Monetary Fund uncovers the intellectual origins and reasons for inflation targeting.
Inflation targeting not enough: BoE's Barker
Kate Barker, a member of the Bank of England's Monetary Policy Committee (MPC) has acknowledged that inflation targeting alone cannot produce economic stability.
Interview: Kenneth Rogoff
The former chief economist of the IMF tells Malan Rietveld that central banks know how to generate inflation if needed and that there are bigger problems than deflation to be worried about
Philippines' Tetangco: 2009 will be critical
Philippines ended 2008 fairly unharmed from the global financial turmoil but 2009 is critical, said Amando Tetangco, the governor of the Central Bank of the Philippines.
The monetary-policy lag and inflation targeting
Central banks and governments should set a relatively high inflation target when confronted with a long monetary-policy lag and a zero nominal bound for interest rates, research from the Bank of Canada posits.
Central bank employees and inflation credibility
Perceptions of inflation among central bank employees point to some disturbing trends, Jannie Rossouw, Johan Fourie and Vishnu Padayachee find
Inflation targeting under stress
The increasing global nature of the monetary and financial system presents challenges to inflation targeters, says George Kopits
Inflation targets flexible and resilient
Inflation targeting has proved fairly flexible and resilient, research from the Boston Federal Reserve states.
CNB's inflation-targeting review
The Czech National Bank has published a collection of research papers to commemorate ten years of inflation targeting.
Finland advocates price-level targeting
A new paper published by the Bank of Finland makes the case for moving to price-level targeting.
King sees high inflation remaining
Mervyn King, the governor of the Bank of England, expects inflation in the United Kingdom to remain "markedly" above the central bank's target well into next year.
Russia embraces euro
The euro has gained in importance in Russia as an anchor and reserve currency, according to a new paper from the European Central Bank.
Monetary transmission - markets compared
Monetary transmission mechanisms in emerging markets work with a shorter time lag than those in developed countries, according to a new research from the International Monetary Fund.
NZ's Bollard praises inflation targeting
There are no clearly superior alternatives to the flexible inflation targeting approach for maintaining price stability, said Alan Bollard, the governor of the Reserve Bank of New Zealand.
Fed's Mishkin proposes communications changes
Frederic Mishkin, an outgoing governor of the Federal Reserve, believes the central bank needs to make a raft of improvements to its communication policy.
Some preconditions for inflation targeting
The main macroeconomic preconditions for adopting an inflation-targeting regime are high levels of financial development, GDP per person and trade openness, finds a new paper from the Central Bank of Chile.
Interest rates in inflation-targeting countries
A new paper from the Reserve Bank of Australia examines whether long-term nominal interest rates in inflation-targeting economies are determined abroad.
Swedish rates up, more to come
Sweden's central bank has raised rates by a quarter point to 4.5% - a new 12-year high - with the promise of two further hikes this year.
Targeting impacts little on inflation expectations
Inflation targeting by Latin American central banks is failing to have the desired effect on economic agents' inflation expectations, research published by the Central Bank of Chile finds.
Inflation target appropriate: Hungary's Simor
Andras Simor, the governor of the National Bank of Hungary, has defended the central bank's 3% inflation target in the face of political opposition.
Traded range of Russian ruble to be widened
Sergei Ignatyev, the chairman of the Russian central bank, says the central bank will slowly widen the traded range of the ruble as the central bank moves to adopt inflation targeting.
Inflation targeting a dangerous fad, says Stiglitz
Joseph Stiglitz, the Nobel Prize-winning economist and Columbia University professor, has panned inflation targeting as a "fad" that could lead to economic disaster.
SA's Mboweni braves political pressure, hikes rate
Tito Mboweni, the governor of the South African Reserve Bank, reaffirmed his commitment to the central bank's inflation target on Thursday, raising rates by half a point to 11.5% in the face of intense political pressure.
Fed's Mishkin makes his point on inflation
In one of his strongest advocacies of inflation targeting since joining the Federal Reserve in 2006, Frederic Mishkin argued that countries should adopt a specific point objective for price stability rather than having a target range.