Monetary policy frameworks since Bretton Woods, across the world and its regions

David Cobham*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)
28 Downloads (Pure)

Abstract

The Comprehensive Monetary Policy Framework (CMPF) project, which considers de jure and de facto, domestic (money, inflation) and external (exchange rate), monetary policy targets, has now classified 186 countries/currency areas from 1974 to 2017. This means that it is now possible to track the evolution of monetary policy frameworks across the world and its regions. This paper outlines the methodology of the classification and analyses the trends at global, regional and sub-regional levels.

Original languageEnglish
Pages (from-to)873-903
Number of pages31
JournalReview of World Economics
Volume160
Issue number3
Early online date3 Dec 2023
DOIs
Publication statusPublished - Aug 2024

Keywords

  • Discretion
  • Economic growth
  • Exchange rates
  • Inflation
  • Inflation targeting
  • Monetary policy framework

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

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