Inflation Targeting Lessons from the International Experience

Name: Inflation Targeting Lessons from the International Experience
Price: 38.9 USD
Availability: InStock
ISBN: 9780691086897

ISBN-10: 0691086893

ISBN-13: 9780691086897

Edition: 1998

Authors: Ben S. Bernanke, Thomas Laubach, Frederic S. Mishkin, Adam S. Posen

List price: $48.00

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Description:

How should governments and central banks use monetary policy to create a healthy economy? Traditionally, policymakers have used such strategies as controlling the growth of the money supply or pegging the exchange rate to a stable currency. In recent years a promising new approach has emerged: publicly announcing and pursuing specific targets for the rate of inflation. This book is the first in-depth study of inflation targeting. Combining penetrating theoretical analysis with detailed empirical studies of countries where inflation targeting has been adopted, the authors show that the strategy has clear advantages over traditional policies. They argue that the U.S. Federal Reserve and the…

Book details

List price: $48.00
Copyright year: 1998
Publisher: Princeton University Press
Publication date: 1/23/2001
Binding: Paperback
Pages: 392
Size: 6.46" wide x 9.25" long x 0.91" tall
Weight: 1.452
Language: English

Jeromin Zettelmeyer is Assistant to the Director of the Western Hemisphere Department at the International Monetary Fund.



List of Figures


Preface



Inflation Targeting: The Issues



Introduction



The Rationale for Inflation Targeting



Issues of Design and Implementation



Case Studies and Empirical Evidence



German and Swiss Monetary Targeting: Precursors to Inflation Targeting



New Zealand: Inflation-Targeting Pioneer



Canada: Inflation Targets as Tools of Communication



United Kingdom: The Central Bank as Counterinflationary Conscience



Sweden: Searching for a Nominal Anchor



Three Small Open Economies: Israel, Australia, and Spain



Inflation Targeting: How Successful Has It Been?



Conclusions



What Have We Learned?



Inflation Targeting for the United States and the European Monetary Union


Notes


References


Index