Język Polski
English
Published
:
2017-04-30
Transparency of the Central Bank as an Inflation Targeting Pillar
Taras Savchenko
Alona Zakutniaia
Abstract
The paper looks at the main characteristics of transparency, communication policy and information disclosure procedures by inflation-targeting central banks around the world. The implementation of an inflation targeting strategy by a central bank involves public announcement of inflation targets and the bank's obligation to achieve these goals. Inflation Reports have thus generally become the central element of communication policy. The article offers an evaluation of the Inflation Reports produced by 15 inflation-targeting central banks. The authors have also investigated the progress that the National Bank of Ukraine (NBU) has made in implementing a transparent and accountable monetary policy that implies the use of an appropriate set of tools supporting transparency under an inflation targeting mechanism.(original abstract)Keywords:
Central banks, Monetary policy, InflationSimilar Articles
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Savchenko, T., & Zakutniaia, A. (2017). Transparency of the Central Bank as an Inflation Targeting Pillar. Zeszyty Naukowe Wyższej Szkoły Bankowej W Poznaniu, 73(2). Retrieved from https://journals.wsb.poznan.pl/index.php/znwsb/article/view/832