Paper on inflation targeting
This research paper shows how the inflation-targeting regimes of Australia, Canada and New Zealand, has developed over time.
The author, David Mayes, points out that this is in many respects operationally similar to the working of monetary policy in the eurozone. While there is more emphasis on the monetary pillar in decision making at the ECB, there is no departure from the focus on price stability.
To read the paper, click here
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