Inflation Targeting and Central Banks
eBook - ePub

Inflation Targeting and Central Banks

Institutional Set-ups and Monetary Policy Effectiveness

Joanna Niedźwiedzińska

  1. 408 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

Inflation Targeting and Central Banks

Institutional Set-ups and Monetary Policy Effectiveness

Joanna Niedźwiedzińska

Book details
Table of contents

About This Book

Over the last three decades, inflation targeting (IT) has become the most popular monetary policy framework among larger economies. At the same time, its constituting features leave room for different interpretations, translating into various central banks' institutional set-ups. Against this backdrop, this book investigates the importance of institutional arrangements for policy outcomes. In particular, the book answers the question of whether there are significant differences in IT central banks' institutional set-ups, and—if yes—whether they influence the ability of monetary authorities to meet their policy goals.

The book examines around 70 aspects related to independence, accountability and transparency of 42 IT central banks over the last 30 years. Based on the analysis, it can be concluded that the quality of the institutional set-ups materially affects monetary policy effectiveness. In fact, a visible improvement of institutional arrangements resulting from pursuing an inflation targeting strategy can be treated as its lasting contribution to central banking. Thus, despite the recent critique of the framework, its prospects continue to be rather favourable.

Overall, for the advocates of inflation targeting, the findings of the book can be seen as identifying the sources of IT strengths, while for IT opponents, they may be viewed as indicating which elements of IT institutional set-ups should be kept even if the need to replace this strategy with another regime will, indeed, result in a change. Given the role monetary policy plays within the economy, such knowledge may have significant implications. Therefore, the book will be relevant for different audiences, including scholars and researchers of monetary economics and monetary policy, and will be essential reading for central banks already pursuing an IT strategy or those preparing to adopt one.

Importantly, the book includes supplementary indices of proposed institutional arrangements that assess a range of aspects related to IT central bank's independence, accountability, and transparency. Readers thus have access to the author's full database, which covers individual indices for all monetary authorities investigated across the given period of analysis.

Frequently asked questions

How do I cancel my subscription?
Simply head over to the account section in settings and click on “Cancel Subscription” - it’s as simple as that. After you cancel, your membership will stay active for the remainder of the time you’ve paid for. Learn more here.
Can/how do I download books?
At the moment all of our mobile-responsive ePub books are available to download via the app. Most of our PDFs are also available to download and we're working on making the final remaining ones downloadable now. Learn more here.
What is the difference between the pricing plans?
Both plans give you full access to the library and all of Perlego’s features. The only differences are the price and subscription period: With the annual plan you’ll save around 30% compared to 12 months on the monthly plan.
What is Perlego?
We are an online textbook subscription service, where you can get access to an entire online library for less than the price of a single book per month. With over 1 million books across 1000+ topics, we’ve got you covered! Learn more here.
Do you support text-to-speech?
Look out for the read-aloud symbol on your next book to see if you can listen to it. The read-aloud tool reads text aloud for you, highlighting the text as it is being read. You can pause it, speed it up and slow it down. Learn more here.
Is Inflation Targeting and Central Banks an online PDF/ePUB?
Yes, you can access Inflation Targeting and Central Banks by Joanna Niedźwiedzińska in PDF and/or ePUB format, as well as other popular books in Economics & Monetary Policy. We have over one million books available in our catalogue for you to explore.



Table of contents

  1. Cover
  2. Half-Title
  3. Series
  4. Title
  5. Copyright
  6. Contents
  7. List of charts
  8. List of tables
  9. Acknowledgements
  10. Introduction
  11. 1 Indicating the origins, essential features, and prospects of an inflation targeting framework
  12. 2 Describing differences in implementing key elements of an inflation targeting strategy
  13. 3 Constructing indices comparing institutional set-ups of inflation targeting central banks
  14. 4 Analysing the implications of differences in institutional set-ups of inflation targeting central banks
  15.    Conclusions
  16. Index
Citation styles for Inflation Targeting and Central Banks

APA 6 Citation

Niedźwiedzińska, J. (2021). Inflation Targeting and Central Banks (1st ed.). Taylor and Francis. Retrieved from (Original work published 2021)

Chicago Citation

Niedźwiedzińska, Joanna. (2021) 2021. Inflation Targeting and Central Banks. 1st ed. Taylor and Francis.

Harvard Citation

Niedźwiedzińska, J. (2021) Inflation Targeting and Central Banks. 1st edn. Taylor and Francis. Available at: (Accessed: 25 September 2021).

MLA 7 Citation

Niedźwiedzińska, Joanna. Inflation Targeting and Central Banks. 1st ed. Taylor and Francis, 2021. Web. 25 Sept. 2021.