Inflation targeting as a monetary policy rule
- The purpose of the paper is to survey and discuss inflation targeting in the context of monetary policy rules. The paper provides a general conceptual discussion of monetary policy rules, attempts to clarify the essential characteristics of inflation targeting, compares inflation targeting to the other monetary policy rules, and draws some conclusions for the monetary policy of the European system of Central Banks.
| Author: | Lars E. O. Svensson |
|---|---|
| URN: | urn:nbn:de:hebis:30-9531 |
| URL: | https://www.ifk-cfs.de/884.html |
| Parent Title (German): | Institut für Kapitalmarktforschung (Frankfurt am Main): CFS working paper series ; Nr. [19]98,16 |
| Series (Serial Number): | CFS working paper series (1998, 16) |
| Document Type: | Working Paper |
| Language: | English |
| Year of Completion: | 1998 |
| Year of first Publication: | 1998 |
| Publishing Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Release Date: | 2005/06/13 |
| Tag: | indicators; instruments; intermediate targets; targets |
| GND Keyword: | Europäische Union; Inflation Targeting; Geldpolitik; Regelbindung |
| Issue: | Version: August 1998 |
| Page Number: | 51 |
| Last Page: | 50 |
| Note: | First draft: May 1998. This Version: August 1998. Published in: Journal of Monetary Economics, vol. 43 (June), pp. 607-54, 1999. |
| HeBIS-PPN: | 195583302 |
| Institutes: | Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS) |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Licence (German): |  Deutsches Urheberrecht |
