From monetary targeting to inflation targeting
Frederic S. Mishkin
Page count unavailable
From monetary targeting to inflation targeting
Published
2001
Publisher
World Bank, Financial Sector Strategy and Policy Department
Description
Experience with monetary targeting suggests that although it successfully controlled inflation in Switzerland and especially Germany, the special conditions that made it work reasonably well in those two countries are unlikely to be satisfied elsewhere. Inflation targeting is more likely to improve economic performance in countries that choose to have an independent domestic monetary policy, but there are subtleties in how inflation targeting is done. Lessons from industrial countries should be useful to central banks designing a framework for monetary policy.
Frequently Asked Questions
Who is the author of From monetary targeting to inflation targeting?
From monetary targeting to inflation targeting was written by Frederic S. Mishkin.
When was From monetary targeting to inflation targeting published?
The publication date for this specific edition is 2001. The original work may have been published on a different date.