Inflation Targeting and Central Banks: Institutional Set-ups and Monetary Policy Effectiveness

ISBN-13: 9781032038278 / Angielski / Twarda / 2021 / 364 str.

Joanna Niedźwiedzińska

Opis

This book investigates the importance of institutional arrangements for policy outcomes. In particular, the book answers the question whether there are significant differences in IT central banks’ institutional set-ups, and—if yes—whether they influence the ability of monetary authorities to meet their policy goals.

Spis treści

Introduction 1. Indicating the origins, essential features and prospects of an inflation targeting framework 2. Describing differences in implementing key elements of an inflation targeting strategy 3. Constructing indices comparing institutional set-ups of inflation targeting central banks 4. Analysing the implications of differences in institutional set-ups of inflation targeting central banks Conclusions

O autorze

Joanna Niedźwiedzińska is an economist who has worked in central banks for over 15 years. She started her career at the National Bank of Poland, but worked also a few years at the European Central Bank. She is now the head of the Division of Monetary Policy Strategy in the Department of Economic Analysis at the National Bank of Poland. As well as dealing with issues related to monetary policy strategy, she focuses on the central bank’s communication of monetary policy decisions.