Applying an Inflation Targeting Lens to Macroprudential Policy 'Institutions'

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Güneş Kamber; Özer Karagedikli; Christie Smith
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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.

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.