Target Inflation - fact and comment

Abstract

Until now, more than 20 countries have applied the operating mechanism of monetary policy of target inflation. In both theory and practice, the operating mechanism of monetary policy of target inflation is still a new issue, many theorists and macro managers are interested in researching and accumulating experience. Based on the study of fundamental problems of target inflation and the experience in applying the framework for monetary policy to target inflation in some countries, the article shares his views in targeting framework for target inflation in monetary policy management in general.