The Reserve Bank of New Zealand (RBNZ) was the first central bank in the world to introduce inflation targeting, implementing an inflation target of 0%-2% in 1989. Don Brash was the former governor of the RBNZ during this time, and discusses why this policy was introduced, and its impact on central banks' monetary policies around the world. *This video was recorded on June 3, 2024 Listen on Spotify: https://open.spotify.com/show/510WZMF... Listen on Apple Podcasts: https://podcasters.spotify.com/pod/sh... FOLLOW DON BRASH: "Incredible Luck": https://www.amazon.ca/Incredible-Luck... Bassett, Brash & Hide: https://www.bassettbrashandhide.com/ FOLLOW DAVID LIN: Twitter (@davidlin_TV): https://twitter.com/davidlin_TV TikTok (@davidlin_TV): https://www.tiktok.com/@davidlin_tv Instagram (@davidlin_TV): https://www.instagram.com/davidlin_tv/ For business inquiries, reach me at david@thedavidlinreport.com *This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates. 0:00 - Intro 0:50 - Origins of inflation target 8:35 - Rationale behind 2% target 11:00 - Influence on other central banks 12:55 - Money supply target 14:25 - Economic shocks 16:22 - Lag effect of CPI 10:35 - Central bank coordination 21:42 - Fiscal dominance 23:40 - New Zealand economy 27:50 - U.S. vs. China 33:38 - Ukraine War #economy #centralbanks #economics