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Inflation Targeting With Special Review on Application in Serbia

Author

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  • Nikola Fabris

Abstract

Inflation targeting represents monetary regime primarily applied in New Zealand in 1989. Since then, this regime has extended into over 30 countries and it is recommended by International Monetary Fund within its business arrangements in last couple of years. The last country that announced this regime was Serbia. It is regularly introduced when previous one had poor performances. Its nature is determined by targeted inflation rate, high level of transparency in monetary policies conducting, absence of secondary goals as well as responsibility for realized targeted inflation rates. Within work theoretical presumptions are analyzed regarding implementation of this regime, and the most important aspects of its functioning in chosen countries, and its application in Serbia is a subject of particular consideration. Key words: Inflation targeting, Monetary policy, Serbia, Transparency.JEL: E31, E42, E52.

Suggested Citation

  • Nikola Fabris, 2006. "Inflation Targeting With Special Review on Application in Serbia," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 53(4), pages 389-405.
    • Handle: RePEc:voj:journl:v:53:y:2006:i:4:p:389-405:id:322
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    More about this item

    Keywords

    Inflation targeting; Monetary policy; Serbia; Transparency;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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