Date of Award
Master of Science (MS)
The Federal Reserve defines “monetary policy” as any strategy that influences money and credit, which further affects GDP. These policies are used to promote maximum employment, stable prices and moderate long-term interest rates. Generally, these policies can be differentiated by the choice of target variables. Examples of monetary policy includes exchange rate targeting, monetary targeting, among others. This paper will look at inflation targeting and investigate its effect on macroeconomic variables.
Quinonez, Juan S., "Inflation Targeting: A Panel Approach" (2015). All Graduate Plan B and other Reports. 669.