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INFLATION TARGETING.pdf
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通胀目标制的货币政策 .
Inflation targeting is a monetary-policy strategy that is characterized by an announced numerical inflation
target, an implementation of monetary policy that gives a major role to an inflation forecast and has
been called forecast targeting, and a high degree of transparency and accountability. It was introduced
in New Zealand in 1990, has been very successful in terms of stabilizing both inflation and the real
economy, and has, as of 2010, been adopted by about 25 industrialized and emerging-market economies.
The chapter discusses the history, macroeconomic effects, theory, practice, and future of inflation
targeting.
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