This article is an abridged version of a paper prepared for a conference commemorating the 80th anniversary of the Bank of Mexico held on 14-15 November. The theme of the conference was `Stability and Economic Growth: The Role of the Central Bank'. The article reviews New Zealand's economic...

Inflation targeting is a monetary policy framework that was developed in response to the high inflation and macroeconomic instability of the 1970s and 1980s. Twenty years ago, New Zealand was the first country to formally adopt key elements of this approach – such as an explicit inflation...

An address by Alan Bollard, Governor of the Reserve Bank of New Zealand to the New Zealand Canterbury Chamber of Employers' conference in Christchurch.