accountability of the ECB with some other central banks (Bank of Canada, Bank of Japan, Bank of England and the Federal Reserve … vergleicht die gesetzlich festgelegte Rechenschaftspflicht der EZB mit der einiger anderer Zentralbanken (Bank of Canada, Bank of … System). In the second part, we present a theory of central bank accountability. Two aspects of accountability are considered …

and communication in the inflation targeting framework grant the central bank greater short-run flexibility in pursuit of … to central bank behavior, and which interpretation of the strategy is consistent with that assessment. We identify five … three countries that adopted inflation targets in the early 1990s: The United Kingdom, Canada, and New Zealand. For all …

In Canada, targeting the inflation rate was intended as a temporary measure on a journey to price-level stability, but …