San Francisco, California
London, United Kingdom
Inflation Targeting 25 Years’ Experience of the Pioneer
The New Zealand-United Kingdom Link Foundation request the pleasure of your company at a lecture by Professor Arthur Grimes to take place on Tuesday 24 September 2013 at the Bank of England.
Please arrive from 5.30pm for a 6.00pm start. The event includes a reception until 8.30pm, at the Bank of England Conference Centre, Museum Entrance, Bartholomew Lane, London, EC2R 2AH.
Chair & Respondent: Charles Bean, Deputy Governor, Monetary Policy, Bank of England
For your information, please be aware that the event will be photographed and recorded for video podcast on the web.
The GFC (Global Financial Crisis), which followed a crash in asset prices, affected a range of countries including those that had adopted inflation targeting as a monetary policy anchor.
This has led some to argue that inflation targeting is either insufficient as a guide for monetary policy or is inappropriate.
Nominal GDP targeting (which was mooted well before inflation targeting) has reappeared as a candidate to replace inflation targeting.
This lecture, by a pioneer of inflation targeting, reassesses the arguments for inflation targeting and examines the historical evidence across advanced inflation targeting countries with regard to the policy’s performance.
When & Where
NZ-UK Link Foundation
The NZ-UK Link Foundation was set up originally as the Waitangi Foundation in 1990 after the 150th anniversary of the signing of the Treaty of Waitangi.
Under our Trust Deed, the Foundation exists to enhance links between New Zealand and the United Kingdom, through establishing and maintaining a series of business and educational exchanges to individuals to visit the other’s country.