/maxbellschool/taxonomy/term/3567/all en /maxbellschool/article/articles-choosing-right-target/time-change-bank-canadas-mandate <p>In 2019, New Zealand created a formal monetary policy committee and enshrined the dual mandate (price stability and full employment) into their law and the policy targets agreement between the government and the Reserve Bank of New Zealand.</p> <p>This important improvement in transparency about monetary policy objectives, combined with higher levels of other types of transparency about the analytical framework and decision-making process, has put the Reserve Bank of New Zealand back into the club of the most transparent central banks in the world.</p> Fri, 23 Apr 2021 17:54:52 +0000 Asya Kostanyan & Douglas Laxton 2463 at /maxbellschool