Monetary policy under flexible exchange rates: an introduction to inflation targeting
Loading...
Date
2002
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Banco Central de Chile
Abstract
Description
Both policymakers and economists increasingly accept that the main medium- to long-run goal of monetary policy is the pursuit of price stability, defined as maintaining a low and stable rate of inflation. A high and variable inflation rate is socially and economically costly.
Keywords
POLÍTICA MONETARIA, TIPO DE CAMBIO, INFLACIÓN, PRECIOS