Mandated Goals and Numerical Targets (IA) (Index) by country
Monetary policy framework comprises the structures in place that enable and guide the conduct of monetary policy. In this project, we provide a multidimensional characterization of monetary policy frameworks across three pillars: Independence and Accountability, Policy and Operational Strategy, and Communications...
What the numbers show
Mandated Goals and Numerical Targets (IA) (Index) is currently reported for 47 countries. The highest value is 271.83 in India; the lowest is 92 in Mozambique.
The median across all reporting countries is 100, and the mean is 112.24.
The gap between the highest and lowest reporting country is a factor of about 3.
Over the past decade 19 countries rose and 3 fell. The largest increase was in India (up 171.8%), and the largest decrease in Russia (down 8.0%).
Mandated Goals and Numerical Targets (IA): full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | India | 271.83 | 2018 | up 171.8% | volatile |
| 2 | Israel | 194.77 | 2018 | up 94.8% | rising |
| 3 | Uruguay | 179.2 | 2018 | up 79.2% | rising |
| 4 | Ghana | 128.4 | 2018 | up 28.4% | rising |
| 5 | United States | 123.16 | 2018 | up 23.2% | rising |
| 5 | Rwanda | 123.16 | 2018 | up 23.2% | rising |
| 5 | Pakistan | 123.16 | 2018 | up 23.2% | rising |
| 5 | Japan | 123.16 | 2018 | up 23.2% | rising |
| 9 | Canada | 118.14 | 2018 | up 18.1% | rising |
| 9 | Malaysia | 118.14 | 2018 | up 18.1% | rising |
| 11 | Armenia | 113.31 | 2018 | up 13.3% | rising |
| 11 | Ukraine | 113.31 | 2018 | up 13.3% | rising |
| 11 | Moldova | 113.31 | 2018 | up 13.3% | rising |
| 11 | Kazakhstan | 113.31 | 2018 | up 13.3% | rising |
| 15 | Argentina | 108.69 | 2018 | up 8.7% | rising |
| 15 | Zambia | 108.69 | 2018 | up 8.7% | flat |
| 15 | Kenya | 108.69 | 2018 | up 8.7% | rising |
| 15 | Uganda | 108.69 | 2018 | up 8.7% | flat |
| 19 | Jamaica | 104.25 | 2018 | up 4.3% | flat |
| 20 | Poland | 100 | 2018 | unchanged | flat |
| 20 | Peru | 100 | 2018 | unchanged | flat |
| 20 | China | 100 | 2018 | unchanged | flat |
| 20 | Serbia | 100 | 2018 | unchanged | flat |
| 20 | Sweden | 100 | 2018 | unchanged | flat |
| 20 | Thailand | 100 | 2018 | unchanged | falling |
| 20 | Turkey | 100 | 2018 | unchanged | flat |
| 20 | Tanzania | 100 | 2018 | unchanged | flat |
| 20 | Chile | 100 | 2018 | unchanged | flat |
| 20 | Brazil | 100 | 2018 | unchanged | flat |
| 20 | Australia | 100 | 2018 | unchanged | flat |
| 20 | South Africa | 100 | 2018 | unchanged | flat |
| 20 | Philippines | 100 | 2018 | unchanged | flat |
| 20 | Iceland | 100 | 2018 | unchanged | flat |
| 20 | Colombia | 100 | 2018 | unchanged | flat |
| 20 | New Zealand | 100 | 2018 | unchanged | flat |
| 20 | Norway | 100 | 2018 | unchanged | flat |
| 20 | Nigeria | 100 | 2018 | unchanged | flat |
| 20 | Czechia | 100 | 2018 | unchanged | flat |
| 20 | Mauritius | 100 | 2018 | unchanged | flat |
| 20 | Mexico | 100 | 2018 | unchanged | rising |
| 20 | United Kingdom | 100 | 2018 | unchanged | flat |
| 20 | South Korea | 100 | 2018 | unchanged | flat |
| 20 | Georgia | 100 | 2018 | unchanged | flat |
| 20 | Indonesia | 100 | 2018 | unchanged | flat |
| 45 | Hungary | 95.92 | 2018 | down 4.1% | falling |
| 46 | Russia | 92 | 2018 | down 8.0% | flat |
| 46 | Mozambique | 92 | 2018 | down 8.0% | flat |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Euro Area (EA) 100
About this data
Monetary policy framework comprises the structures in place that enable and guide the conduct of monetary policy. In this project, we provide a multidimensional characterization of monetary policy frameworks across three pillars: Independence and Accountability, Policy and Operational Strategy, and Communications (IAPOC). This database covers 50 advanced economies, emerging markets, and low-income developing countries, from 2007 to 2018 (being extended).