create a website

Inflation targeting: central bank practice overseas. (2008). Romano, Teresa Foy ; Little, Jane Sneddon.
In: Public Policy Brief.
RePEc:fip:fedbpb:y:2008:n:08-1.

Full description at Econpapers || Download paper

Cited: 1

Citations received by this document

Cites: 19

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. The implications of central bank transparency for uncertainty and disagreement. (2019). Wood, Andrew ; Lamla, Michael ; Jitmaneeroj, Boonlert.
    In: Journal of International Money and Finance.
    RePEc:eee:jimfin:v:90:y:2019:i:c:p:222-240.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. 2 Bean (2003) argues that prior to IT adoption, monetary policy decisions were often taken in response to a crisis or else with half an eye on political considerations. After coming into office in 1997, the new Labour government announced that the Bank of England would have operational independence for the conduct of monetary policy.
    Paper not yet in RePEc: Add citation now
  2. According to former Governor Brash, by 1988 the inflation rate was, for all intents and purposes, the nominal anchor. The question then arose about how to institutionalize this monetary policy regime to achieve credibility and earn gains from committing to it.
    Paper not yet in RePEc: Add citation now
  3. Ball, L., and Sheridan, N. 2003. Does Inflation Targeting Matter? NBER Working Paper 9577.

  4. Bean, C. 2003. Inflation Targeting: The U.K. Experience, prepared for the annual meeting of the German Economic Association, October 1-3, in Zurich, Switzerland.

  5. Bernanke, B. 5. 2005. The Economic Outlook, speech delivered at a Finance Committee luncheon of the Executives Club of Chicago, Chicago, March 8.
    Paper not yet in RePEc: Add citation now
  6. Box 1. Selected Country Summaries New Zealand: In the years leading up to New Zealands adoption of an inflation target in 1990, the country experienced almost a decade of double-digit inflation, low output growth, and monetary policy decisions heavily influenced by political considerations. This brought the government, the Treasury, and the Reserve Bank to consider a nominal anchor in the mid-1980s. At the time, a nominal anchor generally took the form of either a pegged exchange rate or money supply target. However, the problems other countries were experiencing with unstable money demand seemed to rule out money targeting, particularly since [these countriesj were engaging in a program of reform that included extensive financial ~ while pegging the exchange rate would have meant accepting whatever inflation rate was deemed appropriate by the central bank whose currency was targeted. Against this background, the idea of targeting inflation directly began to take hold.
    Paper not yet in RePEc: Add citation now
  7. Brash, D. 1998. Inflation Targeting in New Zealand: Experience and Practice, Institute for International Economic Studies, Seminar Paper 641.

  8. Cecchetti, Stephen Q. and Michael Ehrman. 2002. Does Inflation Targeting Increase Output Volatility? An International Comparison of Policymakers Preferences and Outcomes in Norman Loayza and Klaus Schmidt-Hebbel (editors), Monetary Policy: Rules and Transmission Mechanisms, Proceedings of the Third Annual Conference of the Central Bank of Chile, Santiago, Chile: 2002, 247-274. NBER Working Paper 7426. December 1999.

  9. Fixler, Dennis and Ted Jaditz. 2002. An Examination of the Difference between the CPI and the PCE Deflator, Bureau of Labor Statistics, Working Paper 361, June.
    Paper not yet in RePEc: Add citation now
  10. Gürkaynak, R. S., Levin, A. T., and Swanson, E. T. 2006. Does Inflation Targeting Anchor Long-Run Inflation Expectations? Evidence from Long-Term Bond Yields in the U.S., U.K., and Sweden, Federal Reserve Bank of San Francisco, Working Paper Series 2006-09, March.

  11. Gramlich, E. 2005. The Politics of Inflation Targeting, presented at the Euromoney Inflation Conference, May 26, in Paris, France.

  12. Levin, A. T., Natalucci, F.M. and Piger, J. M. 2004. Explicit Inflation Objectives and Macroeconomic Outcomes, European Central Bank, Working Paper Series No. 383, August.

  13. Mishkin, F. S., and Schmidt-Hebbel, K. 2001. One Decade of Inflation Targeting in the World: What Do We Know and What Do We Need to Know? NBER Working Paper 8397. July.

  14. Neumann, M. J. M., and von Hagen, J. 2002. Does Inflation Targeting Matter? Federal Reserve Bank of St. Louis Review, 84 (4), 127-48.

  15. Roger, S. and Stone, M. 2005. On Target? The International Experience with Achieving Inflation Targets, IMF, IMF Working Paper WP/05/163, August.

  16. Stevenson, Richard W. 2002. The Feds Evolving Comfort Zone, The New York Times, August 4.
    Paper not yet in RePEc: Add citation now
  17. The Reserve Bank Act of 1989 mandated price stability as the single goal for monetary policy, and a Policy Targets Agreement (PTA), signed by the Governor and the Minister of Finance on behalf of the elected government, set out specific targets by which monetary policy performance could be assessed. The Act granted the Reserve Bank operational independence to meet the target determined by the government (the Bank already had defacto independence). It stipulated that a new PTA was to be agreed upon by the Governor and the Minister of Finance each time a Governor was appointed or reappointed. The first PTA, signed in 1990, defined price stability to be between 0 1 Brash (1998) percent and 2 percent as measured by the CPI and aimed to be within that range by December 1992.
    Paper not yet in RePEc: Add citation now
  18. Vega, M., and Winkelried, D. 2005. Inflation Targeting and Inflation Behavior: A Successful Story? International Journal of Central Banking, 1(3), 153-175.

  19. Yellen, Janet L. 2006. Enhancing Fed Credibility, speech delivered at the Annual Washington Policy Conference, sponsored by the National Association for Business Economics, Washington, March 13.

Cocites

Documents in RePEc which have cited the same bibliography

  1. State of the art of inflation targeting. (2012). Hammond, Gill .
    In: Handbooks.
    RePEc:ccb:hbooks:29.

    Full description at Econpapers || Download paper

  2. Right on Target: Exploring the Determinants of Inflation Targeting Adoption. (2011). de Haan, Jakob ; Samaryna, Hanna .
    In: Working Papers.
    RePEc:dnb:dnbwpp:321.

    Full description at Econpapers || Download paper

  3. Discussion of Relative Price Shocks, Inflation Expectations, and the Role of Monetary Policy. (2010). Eitrheim, Yvind .
    In: RBA Annual Conference Volume (Discontinued).
    RePEc:rba:rbaacv:acv2009-17.

    Full description at Econpapers || Download paper

  4. The choice of adopting inflation targeting in emerging economies: Do domestic institutions matter?. (2010). Lucotte, Yannick.
    In: MPRA Paper.
    RePEc:pra:mprapa:27118.

    Full description at Econpapers || Download paper

  5. Adoption of inflation targeting and tax revenue performance in emerging market economies: An empirical investigation. (2010). Lucotte, Yannick.
    In: MPRA Paper.
    RePEc:pra:mprapa:23871.

    Full description at Econpapers || Download paper

  6. Incorporating rigidity and commitment in the timing structure of macroeconomic games. (2010). Libich, Jan ; Stehlik, Petr.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:27:y:2010:i:3:p:767-781.

    Full description at Econpapers || Download paper

  7. The macroeconomic performance of the inflation targeting policy: An approach based on the evolutionary co-spectral analysis (extension for the case of a multivariate process). (2010). Ftiti, Zied.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:27:y:2010:i:1:p:468-476.

    Full description at Econpapers || Download paper

  8. Monetary policy rules and inflation process in open emerging economies: evidence for 12 new EU members. (2009). Vašíček, Bořek.
    In: William Davidson Institute Working Papers Series.
    RePEc:wdi:papers:2009-968.

    Full description at Econpapers || Download paper

  9. Rethinking Monetary and Financial Policy: Practical suggestions for monitoring financial stability while generating employment and poverty reduction. (2009). Epstein, Gerald.
    In: Published Studies.
    RePEc:uma:perips:ilo_epstein11_09.

    Full description at Econpapers || Download paper

  10. Monetary policy rules and inflation process in open emerging economies: evidence for 12 new EU members. (2009). Vašíček, Bořek ; Vasicek, Borek .
    In: Working Papers.
    RePEc:uab:wprdea:wpdea0903.

    Full description at Econpapers || Download paper

  11. Testing similarities of short-run inflation dynamics among EU-25 countries after the Euro. (2009). Zazzaro, Alberto ; Palomba, Giulio ; Sarno, Emma.
    In: Empirical Economics.
    RePEc:spr:empeco:v:37:y:2009:i:2:p:231-270.

    Full description at Econpapers || Download paper

  12. Inflation Targeting Framework: Is the story different for Asian Economies?. (2009). Rizvi, Syed Kumail Abbas ; Naqvi, Bushra ; Rizvi, Syed Kumail Abbas, .
    In: MPRA Paper.
    RePEc:pra:mprapa:19546.

    Full description at Econpapers || Download paper

  13. Inflation Targeting and Inflation Convergence within Turkey. (2009). YILMAZKUDAY, HAKAN.
    In: MPRA Paper.
    RePEc:pra:mprapa:16770.

    Full description at Econpapers || Download paper

  14. Trends in Monetary Policy Transparency. (2009). Geraats, Petra.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_2584.

    Full description at Econpapers || Download paper

  15. Metas de inflación ¿qué hay de nuevo bajo el sol?. (2008). Ferro, Gustavo.
    In: MPRA Paper.
    RePEc:pra:mprapa:15069.

    Full description at Econpapers || Download paper

  16. Inflation Range Targets with Hard Edges. (2008). Westelius, Niklas.
    In: Economics Working Paper Archive at Hunter College.
    RePEc:htr:hcecon:423.

    Full description at Econpapers || Download paper

  17. Global inflation. (2008). Mojon, Benoit ; Ciccarelli, Matteo.
    In: Working Paper Series.
    RePEc:fip:fedhwp:wp-08-05.

    Full description at Econpapers || Download paper

  18. Understanding changes in exchange rate pass-through. (2008). Takhtamanova, Yelena.
    In: Working Paper Series.
    RePEc:fip:fedfwp:2008-13.

    Full description at Econpapers || Download paper

  19. Inflation targeting: central bank practice overseas. (2008). Romano, Teresa Foy ; Little, Jane Sneddon.
    In: Public Policy Brief.
    RePEc:fip:fedbpb:y:2008:n:08-1.

    Full description at Econpapers || Download paper

  20. Who chooses to inflation target?. (2008). Goncalves, Carlos ; Gonçalves, Carlos Eduardo S., ; Carvalho, Alexandre.
    In: Economics Letters.
    RePEc:eee:ecolet:v:99:y:2008:i:2:p:410-413.

    Full description at Econpapers || Download paper

  21. The Turkish Experience in Inflation Targeting: Uncertainties and the Efficiency of Monetary Policy. (2008). Tuncer, Ruhi ; Jobert, Thomas ; Gurbuz, Z. Yesim ; Giirbiiz, Yejim Z..
    In: Economie Internationale.
    RePEc:cii:cepiei:2008-4te.

    Full description at Econpapers || Download paper

  22. Inflation targeting in Latin America: Empirical analysis using GARCH models. (2008). Broto, Carmen.
    In: Working Papers.
    RePEc:bde:wpaper:0826.

    Full description at Econpapers || Download paper

  23. A Note on Inflation Targeting and Economic Growth in Brazil. (2008). Libanio, Gilberto.
    In: Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting].
    RePEc:anp:en2008:200807211614210.

    Full description at Econpapers || Download paper

  24. Assessing Inflation Targeting Through Intervention Analysis. (2007). Arestis, Philip ; Angeriz, Alvaro.
    In: Money Macro and Finance (MMF) Research Group Conference 2006.
    RePEc:mmf:mmfc06:87.

    Full description at Econpapers || Download paper

  25. Optimal Monetary Policy and Price Stability Over the Long-Run. (2007). Ueberfeldt, Alexander ; Shukayev, Malik ; Kryvtsov, Oleksiy.
    In: Staff Working Papers.
    RePEc:bca:bocawp:07-26.

    Full description at Econpapers || Download paper

  26. A Stable International Monetary System Emerges: Inflation Targeting is Bretton Woods, Reversed. (2006). Rose, Andrew.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:12711.

    Full description at Econpapers || Download paper

  27. The choice of inflation targeting—an empirical investigation. (2006). Hu, Yifan.
    In: International Economics and Economic Policy.
    RePEc:kap:iecepo:v:3:y:2006:i:1:p:27-42.

    Full description at Econpapers || Download paper

  28. A Stable International Monetary System Emerges: Bretton Woods, Reversed. (2006). Rose, Andrew.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:5854.

    Full description at Econpapers || Download paper

  29. INFLATION TARGETING IN EMERGING COUNTRIES: THE CASE OF BRAZIL. (2006). Ferrari Filho, Fernando ; de Paula, Luiz Fernando ; Arestis, Philip ; Ferrari-Filho, Fernando.
    In: Anais do XXXIV Encontro Nacional de Economia [Proceedings of the 34th Brazilian Economics Meeting].
    RePEc:anp:en2006:42.

    Full description at Econpapers || Download paper

  30. Inflation Targeting in India: Issues and Prospects. (2005). Jha, Raghbendra.
    In: ASARC Working Papers.
    RePEc:pas:asarcc:2005-04.

    Full description at Econpapers || Download paper

  31. Commentary : central bank communication and policy effectiveness. (2005). Macklem, Tiff.
    In: Proceedings - Economic Policy Symposium - Jackson Hole.
    RePEc:fip:fedkpr:y:2005:i:aug:p:475-494.

    Full description at Econpapers || Download paper

  32. Global inflation. (2005). Mojon, Benoit ; Ciccarelli, Matteo.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2005537.

    Full description at Econpapers || Download paper

  33. Breaks in the mean of inflation: how they happen and what to do with them. (2005). Mojon, Benoit ; Corvoisier, Sandrine.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2005451.

    Full description at Econpapers || Download paper

  34. Good governance in monetary policy and the negative real effects of inflation targeting in developing economies. (2005). Libanio, Gilberto.
    In: Textos para Discussão Cedeplar-UFMG.
    RePEc:cdp:texdis:td277.

    Full description at Econpapers || Download paper

  35. MONETARY AND EXCHANGE RATE POLICY IN BRAZIL AFTER INFLATION TARGETING. (2005). Holland, Márcio.
    In: Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33rd Brazilian Economics Meeting].
    RePEc:anp:en2005:032.

    Full description at Econpapers || Download paper

  36. Quantitative Goals for Monetary Policy. (2004). Rose, Andrew ; Mihov, Ilian ; Fatas, Antonio.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:10846.

    Full description at Econpapers || Download paper

  37. The role of policy rules in inflation targeting. (2004). Kuttner, Kenneth.
    In: Review.
    RePEc:fip:fedlrv:y:2004:i:jul:p:89-112:n:v.86no.4.

    Full description at Econpapers || Download paper

  38. Inflation targeting and optimal monetary policy. (2004). Woodford, Michael.
    In: Review.
    RePEc:fip:fedlrv:y:2004:i:jul:p:15-42:n:v.86no.4.

    Full description at Econpapers || Download paper

  39. Commentary on Is inflation targeting best-practice monetary policy?. (2004). Friedman, Benjamin M..
    In: Review.
    RePEc:fip:fedlrv:y:2004:i:jul:p:145-150:n:v.86no.4.

    Full description at Econpapers || Download paper

  40. Transparency and monetary policy: what does the academic literature tell policymakers?. (2004). Carpenter, Seth B..
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2004-35.

    Full description at Econpapers || Download paper

  41. Look Whos Talking: ECB communication during the first years of EMU. (2004). .
    In: Working Papers.
    RePEc:dnb:dnbwpp:007.

    Full description at Econpapers || Download paper

  42. Credibility and Transparency of Central Banks: New Results Based on Ifo’s World Economicy Survey. (2004). de Haan, Jakob ; Waller, Sandra.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_1199.

    Full description at Econpapers || Download paper

  43. Inflation Targeting as a Stabilisation Tool: Its Design and Performance in the Czech Republic. (2003). Navratil, David ; Kotlán, Viktor.
    In: Macroeconomics.
    RePEc:wpa:wuwpma:0310006.

    Full description at Econpapers || Download paper

  44. Macroeconomic Policies of the Economic and Monetary Union: Theorectical Underpinnings and Challenges. (2003). Sawyer, Malcolm ; Arestis, Philip.
    In: Macroeconomics.
    RePEc:wpa:wuwpma:0308008.

    Full description at Econpapers || Download paper

  45. Monetary Policy without Money: Hamlet without the Ghost. (2003). Laidler, David.
    In: University of Western Ontario, Departmental Research Report Series.
    RePEc:uwo:uwowop:20037.

    Full description at Econpapers || Download paper

  46. Inflation Targeting in Emerging Market Economies. (2003). Minella, André ; Goldfajn, Ilan ; Fraga, Arminio.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:10019.

    Full description at Econpapers || Download paper

  47. Empirical Investigations of Inflation Targeting. (2003). Hu, Yifan.
    In: Working Paper Series.
    RePEc:iie:wpaper:wp03-6.

    Full description at Econpapers || Download paper

  48. Does Inflation Targeting Matter for Labour Markets? – Some Empirical Evidence. (2003). Seim, Anna ; Zetterberg, Johnny .
    In: Working Paper Series.
    RePEc:hhs:fiefwp:0191.

    Full description at Econpapers || Download paper

  49. Globalization and global disinflation. (2003). Rogoff, Kenneth.
    In: Proceedings - Economic Policy Symposium - Jackson Hole.
    RePEc:fip:fedkpr:y:2003:p:77-112.

    Full description at Econpapers || Download paper

  50. Financial stability and the design of monetary policy. (2003). Garcia Herrero, Alicia ; del Río, Pedro ; del Rio, Pedro.
    In: Working Papers.
    RePEc:bde:wpaper:0315.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-10-02 00:54:04 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.