From Monetary Targeting to Inflation Targeting : Lessons from the Industrialized Countries

The author examines changes in monetary policy in industrial countries by evaluating, and providing case studies of monetary targeting, and inflation targeting. Inflation targeting has successfully controlled inflation, with some qualifications. It...

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Bibliographic Details
Main Author:	Mishkin, Frederic S.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	AGGREGATE DEMAND ANNUAL INFLATION ANNUAL INFLATION RATE ASSET PRICES BANK DEPOSITS CASH RATE CENTRAL BANK CENTRAL BANKS COMMERCIAL BANKS CONTROL OF INFLATION DEFLATION DEVALUATION DISINFLATION ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC RESEARCH EXCHANGE RATE EXCHANGE RATE DEPRECIATION EXCHANGE RATES EXPANSIONARY MONETARY POLICY EXPORTS FINANCIAL INNOVATION FINANCIAL MARKET STABILITY FINANCIAL SECTOR GDP GROWTH RATE GROWTH RATES HIGH HIGH INFLATION HIGH PRIORITY INDUSTRIAL COUNTRIES INFLATION INFLATION CONCERNS INFLATION PROCESS INFLATION RATE INFLATION RATES INFLATION RISING INFLATION TARGET INFLATION TARGETING INFLATION TARGETING REGIME INFLATION TARGETS INSTITUTIONAL CHANGES INSTITUTIONAL STRUCTURE INTEREST RATE INTEREST RATES INTERNATIONAL EXPERIENCE LIQUIDITY LOW INFLATION M2 M3 MONETARY AGGREGATE MONETARY AGGREGATES MONETARY AUTHORITIES MONETARY BASE MONETARY POLICY MONETARY TARGETING MONEY BASE MONEY GROWTH NOMINAL ANCHOR NOMINAL INCOME OPEN ECONOMIES OUTPUT GROWTH POLICY INSTRUMENTS POLICY RESEARCH POLICY TARGETS POTENTIAL OUTPUT PRICE INCREASES PRICE LEVEL PRICE STABILITY PUBLIC SECTOR QUANTITY THEORY REAL OUTPUT REDUCING INFLATION RESERVE RESURGENCE OF INFLATION RISE IN INFLATION TERMS OF TRADE TERMS OF TRADE SHOCK TIGHT MONETARY POLICY TRANSPARENCY TRUSTS UNEMPLOYMENT
Online Access:	http://documents.worldbank.org/curated/en/2001/10/1614818/monetary-targeting-inflation-targeting-lessons-industrialized-countries http://hdl.handle.net/10986/19531

Internet

http://documents.worldbank.org/curated/en/2001/10/1614818/monetary-targeting-inflation-targeting-lessons-industrialized-countries
http://hdl.handle.net/10986/19531

From Monetary Targeting to Inflation Targeting : Lessons from the Industrialized Countries

Internet

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