Linked from

The 24 pages that link to Inflation Targeting, each with the reason it gives.

• Monetary policyRelated: It gives policy decisions a stated price-stability objective.

• InflationRelated: It makes price stability an explicit, measurable policy objective.

• Gold standardCompared with: It anchors policy to a price objective rather than to gold redemption.

• MonetarismCompared with: It became a practical alternative to monetary-aggregate targets when their relationship with spending weakened.

• Phillips curveRelated: A target anchors expectations, influencing the trade-off represented by the short-run curve.

• Bank of EnglandRelated: The government’s inflation target guides the Bank’s rate-setting decisions.

• Central bankBroader topic: It gives many central banks a clear benchmark for setting policy.

• DeflationRelated: A positive target can help anchor expectations away from persistent price declines.

• Inflation expectationsRelated: A credible target can give households and firms a reference point for expected inflation.

• Natural rate of unemploymentRelated: Natural-rate estimates inform judgments about labor-market pressure under this framework.

• MacroeconomicsRelated: It illustrates how expectations and policy credibility are used to stabilize prices.

• Alan GreenspanCompared with: Greenspan favored discretion over a formal public inflation target, making this framework a useful comparison.

• Independent central bankRelated: It pairs operational autonomy with an explicit, assessable policy objective.

• Paul VolckerRelated: The credibility established under Volcker helped shape later inflation-focused policy frameworks.

• Volcker disinflationNarrower topic: Later central banks built more explicit anti-inflation commitments on lessons from this episode.

• AbenomicsRelated: The Bank of Japan’s two-percent target anchored the promise to end deflation.

• Brazilian realRelated: Brazil adopted this framework after the real’s initial stabilization, shaping its later monetary management.

• Taylor ruleCompared with: It emphasizes the inflation objective, while the Taylor rule also responds directly to the output gap.

• Hyperinflation in ZimbabweCompared with: It offers a credibility-based alternative to the discretionary monetary policies associated with Zimbabwe’s collapse.

• South African randRelated: The Reserve Bank uses this framework to guide policy affecting the rand’s purchasing power.

• Raghuram RajanRelated: Rajan’s governorship introduced a formal inflation-targeting framework in India.

• Economy of ArgentinaCompared with: It offers a rules-based alternative to the repeated monetary and price controls used in Argentina.

• History of macroeconomic thoughtRelated: It reflects later emphasis on expectations, credibility, and transparent policy rules.

• Olivier BlanchardRelated: Blanchard has contributed to debates over whether central banks should adopt higher inflation targets.