Discussion of A Snapshot of Inflation Targeting in its Adolescence
نویسنده
چکیده
This paper studies three important questions. First, what distinguishes infl ation targeting (IT) from the practices of other central banks? Second, how has IT practice evolved? And third, what is the empirical evidence on IT practice and performance? With regards to the third question, Ken Kuttner focuses particular attention on the issue of whether infl ation-targeting central banks have been practicing a form of ʻfl exible infl ation targetingʼ, meaning that they have sought to stabilise fl uctuations in both infl ation and output.
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