Gill Hammond of Bank of England has prepared a superb handbook. It tells you how inflation targeting (IT) is carried out in several countries. I have always known that though it is one framework, there are numerous differences in the ways central banks achieve the target.
This handbook just confirms it. This paper is particularly good as it has compared all IT central banks across a few common points. It has prepapred a common chart for all the IT central banks and so it helps you compare immediately.
Superb Stuff.
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13/07/2009 at 4:59 pm |
[...] have other developing economies that have adopted inflation targeting managed the transition (see this handbook for a complete list of ITF central banks)? Was it just about giving central banks an ITF? Who managed other tasks for other developing [...]
06/08/2009 at 2:29 pm |
[...] the list ring something? Well all of them are inflation targeting central banks as well. Here is a comparison [...]