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Institute for International Economic Studies, Stockholm University Seminar Papers, Institute for International Economic Studies, Stockholm University

No 648:
International Experiences With Different Monetary Policy Regimes

Frederic S. Mishkin ()

Abstract: In recent years a growing consensus has emerged for price stability as the overriding, long run goal of monetary policy. However, despite this consensus, the following question still remains: how should monetary policy be conducted to achieve the price stability goal? This paper examines the experience with different monetary policy regimes currently in use in a number of countries to shed light on this question.

Keywords: inflation targeting; monetary policy; (follow links to similar papers)

JEL-Codes: E42; E52; (follow links to similar papers)

46 pages, August 1, 1998

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