A re-evaluation of financial targets

Authors

  • G. VACIAGO

DOI:

https://doi.org/10.13133/2037-3643/11478

Keywords:

Optimal monetary policy, financial targets, monetary authorities

Abstract

In recent years there has been much debate concerning necessary conditions for an optimal monetary policy. In his interesting article Evaluation of Financial Targets in Six Countries, Argy presents an analytical framework in which to evaluate diverse financial targets based on a variety of assumptions. The present paper investigates the characteristics of diverse targets under alternative, more reasonable, assumptions on the preferences of the monetary authorities. Some of the limitations of Argy’s analysis are retained, but it is shown that by relaxing some of its strictures, more useful criteria for the formulation of monetary policy can be obtained.

 

JEL: E52

Downloads

Published

2014-01-02

How to Cite

VACIAGO, G. (2014). A re-evaluation of financial targets. PSL Quarterly Review, 28(113). https://doi.org/10.13133/2037-3643/11478

Issue

Vol. 28 No. 113 (1975)

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.