Genberg, Hans; Gerlach, Stefan - In: Swiss Journal of Economics and Statistics (SJES) 146 (2010) I, pp. 131-165
objective defined as (any rate of) CPI inflation below 2 percent. We contrast this framework with inflation targeting strategies … reacts in much the same way as inflation targeting central banks. The recent sharp reduction in the policy rate is consistent …In January 2000 the Swiss National Bank adopted a new monetary policy framework incorporating a price stability …