The German monetary targeting regime shares many similarities with inflation targeting used in other countries. Germany's approach to monetary targeting includes setting a numerical inflation goal, being flexible in achieving it, and considering factors like real output growth and exchange rates. The long-term goal is to maintain price stability with a measured inflation rate above zero. Transparency and communication of monetary policy are crucial elements. Germany chose to adopt monetary targeting after the Bretton Woods system collapsed, not out of necessity but as a deliberate decision. The transition to the new regime was gradual, lasting two to three years.