Inflation targeting
Q&A: New procedures for BoJ money mkt operations
ARTICLE - The Bank of Japan has published a short question and answer article about its new procedures for money market operations which started on Mar 19, 2001. It says that although the procedures are intended to produce the same effects as the "Zero…
Turkish cbank to adopt monetary policy committee
SPEECH - In his first speech as governor of the Central Bank of Turkey on Mar 19, 2001, Sureyya Serdengecti discusses the continuing liquidity problems faced the the country's state bank and how this is hampering the implementation of monetary policy. He…
New CEPR dicussion papers-Mar 2001
ARTICLE - The Centre for Economic and Policy Research are publishing four articles mostly by economist Charles Wyplosz on central bank isssues in March 2001 - Do We Know How Low Inflation Should Be?, How Risky is Financial Liberalization in the…
NZ govt monetary review suggests adopting MPC
A government review of the Reserve Bank of New Zealand's monetary policy by Swedish academic Professor Lars Svensson recommended the setting up of a formal monetary policy committee and altering the RBNZ's inflation objective to more formally target 1.5…
Selected IMF working papers published
The IMF has recently published a number of working papers on subjects ranging from inflation targeting, central bank independence, to endogenous growth. Links to the papers are given.
Cbanks should be pre-emptive - Fed's Gramlich
U.S. Federal Reserve Governor Edward Gramlich said on Feb 20, 2001 central banks had to move preemptively given the time it took for their actions to feed through to the economy. He advocated the use of forward-looking, flexible, inflation targetting as…
Taiwan mulls monetary policy framework change
Taiwan's Central Bank of China (CBC) governor Perng Fai-nan on Monday said the central bank is mulling adjusting its monetary policy-making framework. But Perng said it remains debatable whether an "inflation targeting" framework, which is adopted in New…