Issues in Inflation Targeting
نویسنده
چکیده
The 1990s have seen a growing number of countries adopt a new approach to the conduct of monetary policy: inflation targeting. Canada was one of the first, formally embarking on this approach in February 1991. It has been very successful in the countries that have adopted it, producing low and stable inflation without lowering output growth (and arguably, helping to increase economic growth). Despite its successes, debates continue over the best way to implement inflation targeting. This paper will attempt to contribute to these debates—many of which are the focus of other papers in this conference—by discussing five outstanding questions about the operational design of inflation-targeting regimes:
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تاریخ انتشار 1996