On Consequences and Criticisms of Monetary Targeting
نویسندگان
چکیده
منابع مشابه
optimal monetary policy and inflation targeting
in this paper, by using dynamic stochastic general equilibrium, optimal monetary rule derived for central bank of iran. monetary transmission mechanism of the model includes four equations, aggregate demand, aggregate supply, oil price and taylor rule. we have proved that dynamic structure of aggregate demand relation, regarding monetary inflation in iran, is a function of money growth rate. wi...
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Monetary Policy and Inflation Targeting
In the 1990s, several countries shifted to a new monetary policy regime: an announced quantitative inflation target. The reason for this shift was the unsatisfactory performance under previous regimes. New Zealand, Canada, Australia, and Spain all introduced inflation targets under persistently high inflation; the United Kingdom, Sweden, and Finland did so after having abandoned fixed exchange ...
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ژورنال
عنوان ژورنال: Journal of Money, Credit and Banking
سال: 1985
ISSN: 0022-2879
DOI: 10.2307/1992590