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Applying an Inflation Targeting Lens to Macroprudential Policy 'Institutions'

Güneş Kamber, Özer Karagedikli, Christie Smith

We describe the origins of inflation targeting in New Zealand, and then use the four key attributes of inflation targeting - independence, the inflation target, transparency, and accountability - as an organizing device to analyze macroprudential policy 'institutions' - the rules, regulations and governance frameworks that implement macroprudential policies.

Kamber, Güneş, Özer Karagedikli, Christie Smith (2015). ‘Applying an inflation-targeting lens to macroprodential policy "institutions"’, International Journal of Central Banking, Volume 11(4), Pages 395-429.