Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/64096 
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dc.contributor.authorWalsh, Carl E.en
dc.date.accessioned2010-11-16-
dc.date.accessioned2012-09-21T11:55:24Z-
dc.date.available2012-09-21T11:55:24Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/64096-
dc.description.abstractBy the end of the Great Moderation, over two dozen central banks were formal inflation targeters, and others, such as the Federal Reserve, the European Central Bank, and the Swiss National Bank behaved essentially as inflation targeters even though they were resistant to identifying themselves as such. However, the past three years have seen central banks faced with new challenges, and these have raised questions about the future of inflation targeting as a framework for the conduct of monetary policy. I consider three suggested modifications to this policy framework: incorporating additional goals among a central bank's objectives; raising the average target for inflation; and switching to price level targeting.en
dc.language.isoengen
dc.publisher|aUniversity of California, Santa Cruz Institute for International Economics (SCIIE) |cSanta Cruz, CAen
dc.relation.ispartofseries|aWorking Paper |x10-15en
dc.subject.ddc330en
dc.subject.stwInflation Targetingen
dc.subject.stwPreisniveaustabilitäten
dc.subject.stwZinspolitiken
dc.subject.stwTransmissionsmechanismusen
dc.subject.stwWelten
dc.titleThe future of inflation targeting-
dc.typeWorking Paperen
dc.identifier.ppn63966699Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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