Article: Inflation targeting 14 years on. (Speeches).(Reserve Bank of New Zealand Governor Donald T. Brash's speech, American Economics Association conference in Atlanta, January 2002)(Transcript)

A speech delivered by Donald T Brash, Governor of the Reserve Bank of New Zealand at the American Economics Association conference in Atlanta on the 5 January 2002

Mr Chairman, Ladies and Gentlemen

It is a great honour to participate in this session on inflation targeting this morning, and to share the platform with such distinguished practitioners of that art.

I was asked to speak first because my name comes first, by a rather narrow margin, when the four speakers are lined up alphabetically. It also happens that New Zealand was the first country in the world to adopt a formal inflation target, in the sense that we understand the term today, ...

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