Indeed, at the end of that day's monthly meeting with Governor George, Chancellor Clarke immediately summoned the press and announced that he was leaving interest rates unchanged. Since, contrary to custom, the Governor was not present ...
This book happens to be the authors treatise on inflation and his thesis on Inflation Targeting. The book discusses the remedies for inflation in general and inflation targeting in particular.
Many inflation targeting countries take the joint target approach implicitly through transparency measures which publicly assess monetary conditions in terms of potential output and output gaps.
This paper investigates the meaning of the bottom of target bands in inflation targeting regimes. It is argued that the design of lower limits on target bands, if not done...
This text begins by explaining the unique features and advantages of inflation targeting. The authors argue that the simplicity and openness of inflation targeting make it far easier to understand the intent and effects of monetary policy.