The inflation-targeting debate

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University of Chicago Press,
Pub. Date:
c2005.
Language:
English
Description
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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Grouping Information

Grouped Work ID 35f652aa-904f-c9ec-e3ed-b7e09a49806c
full_title inflation targeting debate
author ben s bernanke and michael woodford
grouping_category book
lastUpdate 2017-08-14 05:04:28AM

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publishDate 2005
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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