The Inflation-targeting Debate
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Inflation-targeting Debate by Ben Bernanke
Book DescriptionOver 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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Book DetailsISBN: 9780226044729
(228mm x 161mm x 25mm)
Imprint: University of Chicago Press
Publisher: The University of Chicago Press
Publish Date: 20-Oct-2006
Country of Publication: United States
Books By Author Ben Bernanke
Principles of Macroeconomics, Paperback (May 2015)
With questions, explanations and exercises, the authors help students relate economic principles to a host of everyday experiences such as going to the ATM or purchasing airline tickets. They encourage students to become "economic naturalists:" people who employ basic economic principles to explain what they observe in the world around them.
Principles of Microeconomics, Paperback (April 2015)View all books by Ben Bernanke
With questions, explanations and exercises, the authors help students relate economic principles to a host of everyday experiences such as going to the ATM or purchasing airline tickets. They explain students to become "economic naturalists:" people who employ basic economic principles to explain what they observe in the world around them.
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Author Biography - Ben Bernanke
Ben S. Bernanke is the Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs at Princeton University. He is a member of the board of governors of the United States Federal Reserve System, coauthor of two economics textbooks and of "Inflation Targeting: Lessons from the International Experience." Michael Woodford is the Harold H. Helm 20 Professor of Economics and Banking at Princeton University. He is the author of "Interest and Prices: Foundations of a Theory of Monetary Policy" and coeditor of the "Handbook of Macroeconomics and Knowledge, Information, and Expectations in Modern Macroeconomics.""
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