INFLATION TARGETING: CENTRAL BANKS

June 7, 2010 at 6:10 pm | Posted in Economics, Financial, Research, USA | Leave a comment

spin-globe.gif

books-globe.gif

globe-purple.gif

history.gif

world.gif

compass.gif

loudspeaker.gif

globeinmoney.jpg

Federal Reserve Bank of San Francisco (FRBSF)

Researchpubs.sf@sf.frb.org

FRBSF Economic Letter:

The “Inflation” in Inflation Targeting

by Richard Dennis

Mon 6/07/10

The “Inflation” in Inflation Targeting

Many central banks conduct monetary policy according to an inflation targeting framework, which requires that some measure of inflation be chosen as the target.

One approach would be to use an index of goods and services whose prices are market determined and not subject to frequent, idiosyncratic, and transitory changes. That could be an index based on the personal consumption expenditures prices of services and durable goods, excluding nondurable goods, similar to but distinct from the U.S. core personal consumption expenditures price index.

Download attached pdf or read full article

Index of recent Economic Letters

Federal Reserve Bank of San Francisco (FRBSF)

Researchpubs.sf@sf.frb.org

FRBSF Economic Letter: The “Inflation” in Inflation Targeting

by Richard Dennis

Mon 6/07/10

banknotes.jpg

TrackBack URI


Entries and comments feeds.

%d bloggers like this: