Policy Targets Agreement: Reserve Bank briefing note and related papers

September 2002

This publication contains the Bank's briefing paper on the Policy Targets Agreement and related monetary policy issues and includes a number of background papers dealing with specific elements of monetary policy.

Download the entire document as a PDF file (357KB).

Contents

• The Policy Targets Agreement: a briefing note (PDF 87KB)
• Assessing alternative inflation targets: growth effects and other costs and benefit (PDF 129KB)
  By Anne-Marie Brook, Özer Karagedikli and Dean Scrimgeour
• Is monetary policy in New Zealand similar to that in Australia and the United States? (PDF 47KB)
  By Angela Huang
• The implications of modified inflation targets for the behaviour of inflation
  By David Hargreaves (PDF 24KB)
• Is it feasible for monetary policy to pursue economic growth targets, or multiple inflation targets? (PDF 25KB)
  By David Hargreaves
• The appropriate time horizon for monetary policy (PDF 20KB)
  By Christopher Plantier, Economics Department
• Review of the literature on the comparison of price level targeting and inflation targeting (PDF 29KB)
  By Florin V Citu
• Inflation targeting - Domestic inflation versus CPI inflation (PDF 25KB)
  By Yuong Ha
• A cross-country comparison of inflation target frameworks (PDF 21KB)
  By Dean Scrimgeour
• Selected quotations of central bankers' views on monetary policy's contribution to broader economic goals (PDF 36KB)
  Compiled by Angela Huang