An evaluation of financial targets in six countries

Authors

  • V. ARGY

DOI:

https://doi.org/10.13133/2037-3643/11448

Keywords:

Monetary policy, central banks, financial targets

Abstract

In formulating and implementing their monetary policies, central banks generally aim at bringing about changes in certain financial variables as a first step in their efforts to influence the ultimate targets of policy. The present work surveys the financial targets of six central banks, focusing particularly on the distinction between operating and intermediate targets. A general framework is then presented by which to evaluate the diverse financial targets. Concluding and general comments on the analysis are then provided.

 

JEL: E52, E58

Downloads

Published

2013-12-30

How to Cite

ARGY, V. (2013). An evaluation of financial targets in six countries. PSL Quarterly Review, 26(108). https://doi.org/10.13133/2037-3643/11448

Issue

Vol. 26 No. 108 (1974)

Section

Editorial

License

 
 
Licenza Creative Commons
 
All material in this website and every article published by the Review are licensed under a Creative Commons Attribution - Non commercial - No derivates 4.0 International license.
The authors who publish on this journal maintain all rights on their works without any restrictions.