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Optimal inflation targeting under alternative fiscal regimes

dc.contributor.authorBenigno, Pierpaolo
dc.contributor.authorWoodford, Michael, 1955-
dc.date.accessioned2019-11-01T00:03:39Z
dc.date.available2019-11-01T00:03:39Z
dc.date.issued2007
dc.identifier.isbn978-956-7421-28-2
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3719
dc.descriptionInflation targeting has become an increasingly popular approach to the conduct of monetary policy worldwide since the early 1990s. Most of the countries that have adopted inflation targeting judge the experiment favorably, at least thus far. In many countries, the adoption of inflation targeting has been associated with reductions in both the average level and the volatility of inflation. Inflation targeting has been especially successful in stabilizing inflation expectations. This stems from inflation-targeting central banks’ emphasis on a clear medium-term commitment for inflation (while temporary departures from the inflation target are allowed) and their increased communication with regard to the outlook for inflation over the next few years.
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 37-75
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking, Analysis, and Economic Policies, no. 11
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectINFLACIÓNes_ES
dc.subjectPOLÍTICA MONETARIAes_ES
dc.titleOptimal inflation targeting under alternative fiscal regimes
dc.type.docArtículo
dc.file.nameBCCh-sbc-v11-p037_075


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