文章基本信息

标题：Inflation targeting in the context of the current financial crisis
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作者：Beju, Daniela Gerogeta ; Filip, Angela Maria
期刊名称：Finante - provocarile viitorului (Finance - Challenges of the Future)
印刷版ISSN：1583-3712
出版年度：2009
卷号：1
期号：10
页码：161-167
出版社：University of Craiova, Faculty of Economics and Business Administration
摘要：Starting with the 90, price stability became an increasingly important goal of the monetary authorities in many countries for at least two reasons. Firstly, central bank is the institution responsable for ensuring price stability in the long-run. Secondly, monetary policy can stimulate economic growth and employment in the long-run principally by maintaining inflation under control. Thus, the monetary policy strategy which targets inflation directly – inflation targeting – gained a growing importance, being adopted in several developed contries, but also in many emerging economies. Untill now, the inflation targeting proved to be a successful strategy, permitting inflation targeters to reduce inflation to low levels. In this article we discuss the pre-crisis view of inflation targeting, laying out the strong points and the weak points of this strategy. We also comment the extent in which monetary policy has any contribution to the current financial crisis. Finally, we try to answer to the question if inflation tageting should suffer changes under the impact of the current financial crisis.
关键词：monetary policy; inflation targeting; financial crisis