Strategic Choices in Inflation Targeting: The New Zealand Experience

Abstract

pendence of the Reserve Bank of New Zealand (RBNZ, New Zealand’s central bank) and set the single objective of price stability for the country’s monetary policy, came into force in 1990. The first Policy Targets Agreement (PTA) specifically defining the inflation target was signed in March of that year. However, in New Zealand the adoption of the concept… (More)

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