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The Inflation-Targeting Debate by Michael Woodford, Ben S. Bernanke (Paperback, 2006)

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About this product

Product Information

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.

Product Identifiers

Publisher
The University of Chicago Press
ISBN-13
9780226044729
eBay Product ID (ePID)
95795331

Product Key Features

Author
Michael Woodford, Ben S. Bernanke
Publication Name
The Inflation-Targeting Debate
Format
Paperback
Language
English
Subject
Economics
Publication Year
2006
Type
Textbook
Number of Pages
468 Pages

Dimensions

Item Height
227mm
Item Width
153mm
Item Weight
690g

Additional Product Features

Series Title
(Nber) National Bureau of Economic Research Business Cycles (Chup)
Country/Region of Manufacture
United States
Editor
Michael Woodford, Ben S. Bernanke

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