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 other monetary policy rules, and draws some conclusions for the monetary policy of the European System of Central Banks.

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Year of publication:	1998-08-01
Authors:	Svensson, Lars E.O.
Institutions:	Institute for International Economic Studies (IIES), Stockholms Universitet
Subject:	inflation targeting \| monetary policy \| European System of Central Banks

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Extent:	application/pdf
Series:	Seminar Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series Seminar Papers Number 646 50 pages
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005648825