Monetary policy and inflation targeting policy A standard comparative study between the United States of America and China during the period 1990-2019
Redouane Ait Kaci Azzou
Inflation is one of the most dangerous economic phenomena that most world countries economies suffer from ; and they seek to reduce its effects that are negatively reflected on their economies and societiestoo. So, governments and monetary authorities put it as the most important objectives set in their macro-economic policy, with the aim of achieving stable growth rates. Maintaining inflation rates within safe limits, to achieve economic stability. Therefore, the problem of inflation represents a real dilemma for development in all developing and developed countries; which led to the policy emergence of inflation that targeting it as a modern framework for monetary policy.
This article aims to compare the effectiveness of monetary policy in targeting inflation with the United States of America and China.