Measuring Short-Run Inflation for Central Bankers

  title={Measuring Short-Run Inflation for Central Bankers},
  author={Stephen G. Cecchetti}
  • Stephen G. Cecchetti
In recent years, many central banks have moved toward explicit inflation targeting. Haldane (1995) provides a list that includes Australia, Canada, Finland, Israel, New Zealand, Spain, Sweden, and the United Kingdom. There is active debate over whether the United States will join this group. As the focus of monetary policy shifts, it has become increasingly important to have accurate, reliable measures of inflation. The purpose of this article is to examine the difficulties surrounding the… CONTINUE READING
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