{"id":"https://openalex.org/W52255579","doi":null,"title":"The 2012 Policy Targets Agreement: An Evolution in Flexible Inflation Targeting in New Zealand","display_name":"The 2012 Policy Targets Agreement: An Evolution in Flexible Inflation Targeting in New Zealand","publication_year":2013,"publication_date":"2013-12-01","ids":{"openalex":"https://openalex.org/W52255579","mag":"52255579"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:nzb:nzbbul:dec2013:4","doi":null,"is_oa":false,"landing_page_url":"http://rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Bulletins/2013/2013dec76-4kendallng.pdf","pdf_url":"http://rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Bulletins/2013/2013dec76-4kendallng.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5058599135","display_name":"Ross Kendall","orcid":"https://orcid.org/0000-0002-2324-4855","observed_orcids":["https://orcid.org/0000-0002-2324-4855"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Ross Kendall","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5068884488","display_name":"Tim Ng","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Tim Ng","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":2.4395,"has_fulltext":false,"cited_by_count":8,"citation_normalized_percentile":{"value":0.90808038,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":95},"biblio":{"volume":"76","issue":"4","first_page":"3","last_page":"12"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14231","display_name":"New Zealand Economic and Social Studies","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14166","display_name":"European Monetary and Fiscal Policies","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/flexible-inflation-targeting","display_name":"flexible inflation targeting","score":0.9779999852180481},{"id":"https://openalex.org/keywords/monetary-policy-framework","display_name":"monetary policy framework","score":0.8460000157356262},{"id":"https://openalex.org/keywords/price-stability","display_name":"price stability","score":0.7300000190734863},{"id":"https://openalex.org/keywords/economic-volatility","display_name":"economic volatility","score":0.6800000071525574},{"id":"https://openalex.org/keywords/reserve-bank-of-new-zealand","display_name":"Reserve Bank of New Zealand","score":0.7310000061988831}],"concepts":[{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.8228217959403992},{"id":"https://openalex.org/C188466206","wikidata":"https://www.wikidata.org/wiki/Q7242626","display_name":"Price of stability","level":3,"score":0.698360800743103},{"id":"https://openalex.org/C2781233147","wikidata":"https://www.wikidata.org/wiki/Q3229617","display_name":"Governor","level":2,"score":0.6968428492546082},{"id":"https://openalex.org/C185824701","wikidata":"https://www.wikidata.org/wiki/Q1193759","display_name":"Inflation targeting","level":3,"score":0.6929932832717896},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6775708794593811},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.6673716902732849},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.627926230430603},{"id":"https://openalex.org/C2992337254","wikidata":"https://www.wikidata.org/wiki/Q31275820","display_name":"Financial stability","level":2,"score":0.4524085819721222},{"id":"https://openalex.org/C2776878452","wikidata":"https://www.wikidata.org/wiki/Q1781726","display_name":"Stabilization policy","level":3,"score":0.4311518967151642},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.42620849609375},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4240201711654663},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.36380869150161743},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.2032979130744934},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.08515679836273193},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.05828729271888733},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C146978453","wikidata":"https://www.wikidata.org/wiki/Q3798668","display_name":"Aerospace engineering","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:RePEc:nzb:nzbbul:dec2013:4","doi":null,"is_oa":false,"landing_page_url":"http://rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Bulletins/2013/2013dec76-4kendallng.pdf","pdf_url":"http://rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Bulletins/2013/2013dec76-4kendallng.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"mag:52255579","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:nzb:nzbbul:dec2013:4","pdf_url":null,"source":{"id":"https://openalex.org/S2764700405","display_name":"Reserve Bank of New Zealand Bulletin","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Reserve Bank of New Zealand Bulletin","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":5,"referenced_works":["https://openalex.org/W6293842","https://openalex.org/W1543137830","https://openalex.org/W1605502567","https://openalex.org/W2124928559","https://openalex.org/W2994330818"],"related_works":["https://openalex.org/W2595984060","https://openalex.org/W7144381956","https://openalex.org/W3121493102","https://openalex.org/W2946166466","https://openalex.org/W2106970808","https://openalex.org/W2948866530","https://openalex.org/W2890291955","https://openalex.org/W2990070023","https://openalex.org/W4253528423","https://openalex.org/W7097851201"],"abstract_inverted_index":{"The":[0],"Policy":[1],"Targets":[2],"Agreement":[3],"(PTA)":[4],"frames":[5],"monetary":[6,70],"policy":[7,71],"conduct.":[8],"It":[9],"sets":[10],"out":[11],"New":[12],"Zealand's":[13],"approach":[14],"to":[15,21,31],"'flexible'":[16],"inflation":[17],"targeting,":[18],"which":[19],"seeks":[20],"maintain":[22],"price":[23],"stability":[24],"over":[25],"the":[26,50,59,64,68],"medium":[27],"term":[28],"while":[29],"accommodating,":[30],"some":[32],"degree,":[33],"shocks":[34],"that":[35],"can":[36],"cause":[37],"unnecessary":[38],"economic":[39],"volatility.":[40],"A":[41],"new":[42,60],"PTA":[43,61],"took":[44],"effect":[45],"in":[46],"September":[47],"2012":[48],"with":[49],"appointment":[51],"of":[52],"Governor":[53],"Graeme":[54],"heeler.":[55],"This":[56],"article":[57],"discusses":[58],"and":[62],"how":[63],"changes":[65],"fit":[66],"within":[67],"overall":[69],"framework.":[72]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2014,"cited_by_count":2},{"year":2012,"cited_by_count":1}],"updated_date":"2026-09-21T07:43:02.447757","created_date":"2016-06-24T00:00:00"}