United Kingdom Inflation Targeting and the Exchange Rate.
The U.K.'s monetary policy strategy is one of floating exchange rates and inflation forecast targeting, with the targeted measure referring to consumer prices. We consider whether it is welfare-reducing to target inflation in the CPI rather than in a narrower index and the role of the exchange...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
2006
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