vanguard of the inflation targeting policy strategy, namely Australia, Canada, and New Zealand, and use the resulting estimates …

Australia, Canada and the euro area. SMPCs release individual members' recommendations. Their central banks do not. How much … individuals? We find little heterogeneity in preferences among committee members in Australia and Canada but not for the shadow …

activity for New Zealand. To provide a basis for comparison, data from Australia and the US are also considered. Many studies …, especially of the inflation targeting variety. Both Australia and New Zealand have been targeting inflation for a number of years …-term interest rates well in either Australia or US data. However, when there are large policy "shocks" from abroad, such as the US …

(Australia, Canada, and New Zealand) place somewhat different emphasis on inflation than on other factors (e.g., output gap). We …