Metas de inflación ¿qué hay de nuevo bajo el sol?

Ferro, Gustavo (2007): Metas de inflación ¿qué hay de nuevo bajo el sol?

Abstract

Inlfation targeting is a relatively new way to administer the monetary policy, since the velocity of money revealed unstable and hard pegs unsustainable. The new regime is one of flexible exchange rates, and the target of the monetary policy becomes the rate of inflation itself, instead of any monetary aggregate or rate of interest. This paper is a conceptual discussion on the issue, and a review of the international discussion and experience in recent years.

• Item Type: MPRA Paper
• English Title: Inflation Targeting. What's new under the sun?
• Language: Spanish
• Keywords: Inflation targeting; flexible exchange rates; monetary policy
• Subjects: E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level ; Inflation ; Deflation; B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B22 - Macroeconomics

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