inflation target

To help with fighting deflation, parliament is mulling whether to set the bank an inflation target above its current range of 0-2%.

Just as an inflation target is important, but does not by itself make central bankers credible, so a fiscal rule is a start, not a cure-all.

The Bank of Korea, the central bank, may miss its inflation target as higher import prices drive up the cost of living.

Eventually Mr Evans would have the Fed, which has no official inflation target, revert to focusing on the inflation rate.

The bank argues that expectations remain consistent with hitting the inflation target in the medium term.

Were central banks starting from scratch, such a cost-benefit analysis would indeed be the right way to set an inflation target.

A more direct way to do so would be to raise the Bank's inflation target, currently set at 2%.

The aim of quantitative easing, after all, is to dispel deflation and achieve the Bank's 2 per cent annual inflation target.

It could even lead Congress to legislate an inflation target, he said with approval.

For this very reason the Fed has a mandate to seek maximum employment, while the Bank's primary objective is its explicit inflation target.

Although the bank does not have a public inflation target, it is generally considered to be aiming to keep the rate below 3 per cent.

China's government cannot be complacent about rising prices. It should anchor expectations by setting an explicit inflation target.

As a consequence, we should treat the advice to raise the inflation target with a great deal of caution.

It would also have to set interest rates, and would need a lodestar, probably an inflation target, to guide it.

Third, any adoption of a higher inflation target would be asymmetric.

But even for the U. S. it is uncertain that Mr. Bernanke can hold to his 2% inflation target.

In the 1990s it was almost sufficient for central banks to pre-announce an inflation target to steer people's inflationary expectations.

In Britain, the government would simply redefine the Bank of England's inflation target.

Prices would move toward the inflation target of 2 percent, removing the threat of a deflationary spiral.

The government has already conceded that it won't be able to meet its official inflation target of 4% this year.

A simpler mandate would actually fit with Mr Bernanke's own desire for a numerical inflation target, probably 2%.

As prices rise quickly in Australia's booming industries and regions, the RBA can meet its inflation target only if prices elsewhere fall.

So Mr. Altig argues that raising the inflation target may be a solution to an overstated problem.

It can raise its long-run inflation target, to help convince the private sector that borrowing is a good idea and hoarding cash a mistake.

Unfortunately, the unannounced inflation target that is said to guide the Fed's actions does not easily justify the required new stimulus.

If the Fed were to impose a long-term inflation target of, say, 6 per cent, then I am sure it would achieve that target eventually.

The bank's inflation target is 3 percent, though that includes what it calls a "tolerance range" of plus or minus 1 percentage point.

They have to manage an inflation target over time while avoiding risks to the financial system.

However, not as well recognised is that an inflation target can help prevent inflation from falling too low.

The government has set a 4 percent inflation target this year but private sector analysts say consumer prices could rise by up to 6 percent.

The economic policy model in most leading countries is based on the idea of an inflation target linked to consumer prices.

It is mulling a formal inflation target which, by encouraging people to expect positive inflation, would make deflation less likely.

It would never accept an increase in the inflation target.

But I doubt that a 6 per cent inflation target could be simultaneously credible and sustainable.

It should anchor expectations by setting an explicit inflation target.

Instead of aiming for an exchange rate, their central banks have an inflation target.

He has asked the central bank to continue with an inflation target of 3-6%. He expects inflation this year to average around 6%.

Explaining yourself is much easier when you have an explicit policy framework, such as an inflation target, but it is still not easy.

Chinese government has set up an inflation target of below 15 percent this year.

But he also conceded that the government might not meet its inflation target of 4 percent this year.

A credible inflation target of 2 or 3 per cent, maintained over a credibly long period of time, is useful.

China's central bank fixes the highest deposit rate at just 2. 3 percent, lower than the official inflation target of 3 percent.

The Chinese government set a full-year inflation target of 4 percent for 2009.

Consumer prices in China rose by 5. 3% last month, down a smidgen from March but still above the government's inflation target.

One new nugget, however, was Premier Wen Jiabao's full-year consumer price inflation target of 3 per cent, down from 4 per cent last year.

But he could still influence outcomes by raising the inflation target and thus loosening monetary policy;

Independence, Policy Credit and Inflation Target of the Central Bank

Demonstration research of inflation target system

Study on the Position of and the Deviation from the Inflation Target in Emerging Market Countries

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