The inflation-targeting debate
Studies in business cycles volume no. 32.
University of Chicago Press,
Over the past fifteen years, a significant number of industrialized and middle-income countries have adopted inflation targeting as a framework for monetary policymaking. As the name suggests, in such inflation-targeting regimes, the central bank is responsible for achieving a publicly announced target for the inflation rate. While the objective of controlling inflation enjoys wide support among both academic experts and policymakers, and while the countries that have followed this model have generally experienced good macroeconomic outcomes, many important questions about inflation targeting remain.In Inflation Targeting, a distinguished group of contributors explores the many underexamined dimensions of inflation targeting--its potential, its successes, and its limitations--from both a theoretical and an empirical standpoint, and for both developed and emerging economies. The volume opens with a discussion of the optimal formulation of inflation-targeting policy and continues with a debate about the desirability of such a model for the United States. The concluding chapters discuss the special problems of inflation targeting in emerging markets, including the Czech Republic, Poland, and Hungary.
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|Grouped Work ID||35f652aa-904f-c9ec-e3ed-b7e09a49806c|
|full_title||inflation targeting debate|
|author||ben s bernanke and michael woodford|
|author2-role||National Bureau of Economic Research., NetLibrary, Inc.|
|owning_library_arlington||Arlington Public Library Online, Aurora Hills Online, Central Online, Cherrydale Online, Columbia Pike Online, Connection Crystal City Online, Detention Center Online, Glencarlyn Online, Local History Online, Plaza Online, Shirlington Online, Westover Online|
|record_details||external_econtent:ils:.b13036270|eBook|eBook||English|University of Chicago Press,|c2005.|ix, 458 p. : ill. ; 24 cm.|
|scoping_details_arlington||external_econtent:ils:.b13036270||Available Online|Available Online|false|true|false|false|false|true|||||
|series||Studies in business cycles|
|series_with_volume||Studies in business cycles|no. 32.|
|title_display||The inflation-targeting debate|
|title_full||The inflation-targeting debate [electronic resource] / edited by Ben S. Bernanke and Michael Woodford|
|title_short||The inflation-targeting debate|