Transparency, flexibility, and inflation targeting

Simple item page
dc.contributor.authorWalsh, Carl E.
dc.coverage.spatialCHILEes_ES
dc.coverage.spatialNUEVA ZELANDIAes_ES
dc.date.accessioned2019-11-01T00:03:34Z
dc.date.available2019-11-01T00:03:34Z
dc.date.issued2007
dc.descriptionThree parallel and certainly not independent changes have occurred in central bank practices over the past fifteen years. The first is the spread of central bank independence, which is tied to the notion that even when the government plays a role in setting the goals of monetary policy, central banks should be free from political interference as they pursue those goals. A second trend is the adoption of inflation targeting. Beginning with New Zealand in December 1989, and followed by Chile in January 1991, over twenty countries have adopted some version of inflation targeting. Finally, the third trend among both inflation-targeting and non-targeting central banks is the adoption of greater transparency in the conduct of monetary policy. In fact, transparency is increasingly viewed as a standard and important component of best practices in central banking.
dc.file.nameBCCh-sbc-v11-p227_263
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 227-263
dc.identifier.isbn978-956-7421-28-2
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3723
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.subjectBANCOS CENTRALESes_ES
dc.subjectPOLÍTICA MONETARIAes_ES
dc.titleTransparency, flexibility, and inflation targeting
dc.type.docArtículo

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
BCCh-sbc-v11-p227_263.pdf
Size:
960.07 KB
Format:
Adobe Portable Document Format
Description:
Download

Collections

Serie Banca Central, análisis y políticas económicas (artículos)