Economics, Econometrics and Finance
4 years ago

Inflation targeting: key to economic stability and growth worldwide.

2 views
The Journal of Policy Reform
Inflation Targeting - the Holy Grail of Monetary Policy?
Hans Genberg

Paper Summary

Inflation targeting is a central bank policy that aims to control inflation by setting specific targets. Its success depends on consensus about monetary policy's role and support from sound fiscal policy. Different countries need tailored approaches due to economic differences. Strategies must adapt over time to avoid past failures in monetary policy.

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