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.
Authors
- Güneş Kamber
- Özer Karagedikli
- Christie Smith
JEL codes
- E52
- E58
- E61