@article{Inflation:790, recid = {790}, author = {Amano, Robert and Black, Richard and Kasumovich, Marcel}, title = {A Band-Aid Solution to Inflation Targeting}, publisher = {Bank of Canada}, address = {1997}, pages = {1 online resource (32 pages)}, abstract = {This paper reviews selectively the literature on exchange rate target zones and corresponding methodologies and examines whether they can be used to analyse the inflation-control problem. Given the close correspondence between the exchange rate and inflation-targeting problems, the target-zone literature may help us better understand inflation dynamics and central-bank credibility in the presence of inflation-control targets or ranges. While we find many common elements across the exchange rate and inflation-control target-zone problems, we also find several important differences that make a direct application of the exchange rate target-zone techniques difficult.}, url = {http://www.oar-rao.bank-banque-canada.ca/record/790}, doi = {https://doi.org/10.34989/swp-1997-11}, }