Monetary Policy and Changing Financial Landscape

What is inflation targeting? What are the advantages and disadvantages of inflation targeting? Compare and contrast the inflation targeting in the United Kingdom, Canada, and New Zealand

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Introduction

            Different countries have different ways of controlling inflation and ensuring that there is economic stability. While many countries have implemented various laws to control the same, others have embarked on sensitizing their citizens on the need for good monetary planning and others have implemented monetary policies like the inflation targeting.

Inflation Targeting

            Inflation targeting is a monetary policy implemented by an economy’s central bank with the aim of enhancing sustainable…..

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