INFLATION TARGETING – OFFICIAL NBS MONETARY STRATEGY

  • Ivana Hafner Piraeus Bank, Belgrade
  • Nenad Hafner JP Nišstan, Niš
Keywords: inflation targeting, central bank, monetary policy, monetary policy instruments

Abstract

This paper presents the conditions and objectives of the introduction of inflation targeting as a new monetary policy strategy. Many central banks in the world have adopted this strategy and achieved positive results in terms of curbing inflationary tendencies. So the National Bank of Serbia has adopted this strategy, although not fulfilled all the preconditions for its introduction. It shows the mix of monetary policy instruments used in the NBS management strategy of inflation targeting, as well as the results achieved since the beginning of its application.

Downloads

Download data is not yet available.

References

1. Ђуровић-Тодоровић, Ј. Монетарна економија, Економски факултет Ниш, 2010.
2. Jonas, J., Mishkin, F., “Inflation Targeting in Transition Countries: Experience and Prospects”, National Bureau of Wconomic Research, Cambridge, 2003.
3. Меморандум Народне банке Србије о принципима новог оквира монетарне политике – на путу ка остварењу циљева ниске инфлације, Народна банка Србије, 2006. година
4. Mishkin, F., “Inflation targeting”, Graduate School of Business, Columbia University, 2001.
5. Mishkin, F., Монетарна економија, банкарство и финансијска тржишза, седмо издање, Дата статус, Београд, 2006.
6. Службени гласник РС, бр. 12/2010
7. www.nbs.rs
8. www.ubs-asb.com/Portals/0/Casopis/2009/5_6/B05-06-2009-Vilaret-Pjescic-Djukic.pdf
Published
2011-06-30
How to Cite
HafnerI., & HafnerN. (2011). INFLATION TARGETING – OFFICIAL NBS MONETARY STRATEGY. BizInfo (Blace) Journal of Economics, Management and Informatics, 2(1), 25-34. Retrieved from http://www.bizinfo.edu.rs/index.php/bizinfo/article/view/84