E-mail alert  |  Contact  
Search:       Go  
Background  |   Sponsoring institutions  |   Editorial board   |   Advisory board   |   Associate editors
Call for papers  |   Submission guidelines  |   Editorial process
Current issue  |   Past issues  |  
September 2015 issue
List of authors
 
Svensson
Garnier, Mertens, Nelson
Cacciatore, Ghironi, Turnovsky
Ehrmann
Gillitzer, Simon
Walsh
Davig, Gürkaynak
Kamber, Karagedikli, Smith
IJCB Home   Read the journal   Past issue
Past issues
2017
 
September
June
March
February
2016
 
December
September
June
March
2015
 
December
September
June
March
January
2014
 
December
September
June
March
2013
 
December
September
June
March
January
2012
 
December
September
June
March
January
2011
 
December
September
June
March
2010
 
December
September
June
March
2009
 
December
September
June
March
2008
 
December
September
June
March
2007
 
December
September
June
March
2006
 
December
September
June
March
2005
 
December
September
May

Applying an Inflation-Targeting Lens to Macroprodential Policy "Institutions"

by Güneş Kambera,b, Özer Karagediklia, Christie Smitha,b

Abstract

We describe the origins of inflation targeting in New Zealand, and then use the four key attributes of inflation targeting—independence, the inflation target, transparency, and accountability—as an organizing device to analyze macroprudential policy “institutions”—the rules, regulations, and governance frameworks that implement macroprudential policies.

JEL Codes: E52, E58, E61.

 
Full article (PDF, 35 pages, 390 kb)

Discussion by Charles Bean


a Reserve Bank of New Zealand
b Centre for Applied Macroeconomic Analysis