From Monetary Targeting to Inflation Targeting
Download or Read eBook From Monetary Targeting to Inflation Targeting PDF written by Frederic S. Mishkin and published by World Bank Publications. This book was released on 2001 with total page 42 pages. Available in PDF, EPUB and Kindle.
Author | : Frederic S. Mishkin |
Publisher | : World Bank Publications |
Total Pages | : 42 |
Release | : 2001 |
ISBN-10 | : |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Book Synopsis From Monetary Targeting to Inflation Targeting by : Frederic S. Mishkin
Book excerpt: 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.