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

Inflation Targeting. What's new under the sun?

Gustavo Ferro

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Inflation targeting; flexible exchange rates; monetary policy (search for similar items in EconPapers)
JEL-codes: B22 E31 (search for similar items in EconPapers)
Date: 2007-12-01, Revised 2008-03-11
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:15069

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