Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/209792 
Authors: 
Year of Publication: 
2001
Series/Report no.: 
Working Paper No. 2001/3
Publisher: 
Norges Bank, Oslo
Abstract: 
Presented at the workshop ''The conduct of monetary policy in open economies'' on 26-27 October 2000;The decade since 1990 has been a period of innovation in monetary policy. Around the world, many countries have adopted inflation targeting as their basic policy framework. Different countries have tried different techniques for achieving inflation targets, such as different choices of policy instruments. Most central banks use a short-term interest rate as their instrument, but some have experimented with "Monetary Conditions Indices" based on both interest rates and exchange rates. A rapidly-growing literature discusses the merits of different approaches to policy.
Subjects: 
monetary policy rules
monetary conditions index
exchange rates
Persistent Identifier of the first edition: 
ISBN: 
82-7553-179-9
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper
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