Does inflation targeting increase output volatility?: an international comparison of policymakers' preferences and outcomes
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Date
2002
Journal Title
Journal ISSN
Volume Title
Publisher
Banco Central de Chile
Abstract
Description
Monetary policy regimes around the world changed dramatically over the decade of the 1990s. Central banks have become more transparent, more independent, more accountable, and (apparently) more successful. The biggest transformation has benn the move away from focusing on intermediate objectives, susch as money and exchange rates, and toward the direct targeting of inflation.
Keywords
INFLACIÓN, POLÍTICA ECONÓMICA, BANCOS CENTRALES