Endogeneity of Inflation Target

The Setting of the Inflation Target

Non-fulfillment of the Declared Inflation Target

Renewal of the Inflation - Control Target

Renewal of the Inflation-Control Target

Exchange rate target or inflation target for Norway ?

The purpose of this paper is to discuss the choice between an exchange rate target and an inflation target for Norway. The paper also contains a brief discussion of the objectives of monetary policy and of an optimal delegation of monetary policy in a representative democracy, which serves to place this choice in a broader context. 1 Monetary policy goals Let me start from the presumption that ...