STRATEGIA BEZPOŚREDNIEGO CELU INFLACYJNEGO W POLITYCE PIENIĘŻNEJ BANKÓW CENTRALNYCH
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Date
2006
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Wydział Prawa i Administracji UAM
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DIRECT INFLATION TARGETING STRATEGY IN THE MONETARY POLICY OF CENTRAL BANKS
Abstract
The paper presents the essence of direct inflation targeting strategy. It begins with its different
definitions. Three kinds of inflation targeting strategy are characterised: the fully-fledged,
eclectic and the lite one. In conclusion the advantages and disadvantages of the strategy are
presented
The inflation targeting strategy is used by central banks in more than 20 countries. Its realization
needs making decisions of technical and organizational character in the designating the
inflation target, choosing the inflation indicator and the ways of articulating the inflation target
and its level. Central banks apply different solutions, depending on the monetary policy of the
state.
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Ruch Prawniczy, Ekonomiczny i Socjologiczny 68, 2006, z. 4, s. 111-129.