Financial Stability, Target Inflation as a Monetary Rule and Concepts of Money Policy: Implications for the Optimal Analysis

Acta Universitatis Danubius: Oeconomica

卷:11

Mohsen Brahmi¹  Sonia Zouari¹ 

[1] University of Sfax;

关键词: monetary policy;    rule;    discretion;    financial instability;    inflation targeting;   

DOI  :  

来源: DOAJ

【 摘 要 】

In this article, basing on offensive lecturing research articles of famous authors on financialinstability and monetary policy, we propose as aim of this paper to discuss the controversial rule vs.discretion in monetary policy and the new institutional framework of inflation targeting as a remedyfor inflationary pressures after the cause of the intermediate target of monetary anchors and exchangerate policy, since the year 70's of the last Century. To do this, we treated a literature review in thefield, assigning the work of various economists thus handling of monetary policy favors thediscretion/rule to the new inflation target strategy in 90's and 2000. We put particular emphasis on thesecond step of this paper on the possibility of inflation targeting as an anti-inflationary objectivedefended for its main defendants.

【 授权许可】

Unknown