Monetary policy decision-making and accountability structures: some cross-country comparisons

Release date
01/03/2014
Reference
Vol. 77. No. 1. March 2014
Authors
Tim Aldridge; Amy Wood
Monetary policy decisions are typically made by independent central banks. But the details of the monetary policy decision-making and accountability structures differ widely across countries. This article outlines the key features of monetary policy governance and accountability arrangements of a range of advanced and emerging countries with similar approaches to monetary policy to that used in New Zealand.