Difference between revisions of "Inflation targeting"
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Latest revision as of 17:06, 2 July 2020
Inflation targeting is a monetary policy under which the central bank announces a specific target, or target range, for the inflation rate.
Definition
According to Macroeconomics by Mankiw (7th edition),
- Inflation targeting. A monetary policy under which the central bank announces a specific target, or target range, for the inflation rate.
