| Title:
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THE INFLATION-TARGETING DEBATE
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| By: |
Ben Bernanke (Editor), Michael Woodford (Editor) |
| Format: |
Paperback |
| List price:
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£40.00 |
| Our price: |
£36.00 |
| Discount: |
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£4.00 |
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| ISBN 10: |
0226044726 |
| ISBN 13: |
9780226044729 |
| Availability: |
Usually dispatched within 1-3 weeks.
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| Stock: |
Currently 0 available |
| Publisher: |
THE UNIVERSITY OF CHICAGO PRESS |
| Pub. date: |
20 October, 2006 |
| Series: |
National Bureau of Economic Research Studies in Business Cycles |
| Pages: |
468 |
| Synopsis: |
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. |
| Illustrations: |
44 line drawings, 38 tablse |
| Publication: |
US |
| Imprint: |
University of Chicago Press |
| Returns: |
Returnable |