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Inflation Targeting: Lessons from the International Experience
Ben S. Bernanke
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Description for Inflation Targeting: Lessons from the International Experience
Paperback. Features a study of inflation targeting. This book shows that this strategy has advantages over traditional policies. It argues that the US Federal Reserve and the European Central Bank should adopt this strategy. It offers a study of what central banks do in different countries. It is intended for those interested in how economic policy is made. Num Pages: 392 pages, 25 line illus., 70 tables. BIC Classification: KCA; KCBM; KFFD. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 235 x 166 x 27. Weight in Grams: 560.
How should governments and central banks use monetary policy to create a healthy economy? Traditionally, policymakers have used such strategies as controlling the growth of the money supply or pegging the exchange rate to a stable currency. In recent years a promising new approach has emerged: publicly announcing and pursuing specific targets for the rate of inflation. This book is the first in-depth study of inflation targeting. Combining penetrating theoretical analysis with detailed empirical studies of countries where inflation targeting has been adopted, the authors show that the strategy has clear advantages over traditional policies. They argue that the U.S. ... Read more
How should governments and central banks use monetary policy to create a healthy economy? Traditionally, policymakers have used such strategies as controlling the growth of the money supply or pegging the exchange rate to a stable currency. In recent years a promising new approach has emerged: publicly announcing and pursuing specific targets for the rate of inflation. This book is the first in-depth study of inflation targeting. Combining penetrating theoretical analysis with detailed empirical studies of countries where inflation targeting has been adopted, the authors show that the strategy has clear advantages over traditional policies. They argue that the U.S. ... Read more
Product Details
Format
Paperback
Publication date
2001
Publisher
Princeton University Press United States
Number of pages
392
Condition
New
Number of Pages
392
Place of Publication
New Jersey, United States
ISBN
9780691086897
SKU
V9780691086897
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Ben S. Bernanke
Ben S. Bernanke is Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs at Princeton University. Thomas Laubach is an economist at the Federal Reserve Bank of Kansas City. Frederic S. Mishkin is A. Barton Hepburn Professor of Economics at Columbia University's Graduate School of Business and former Director of Research at the Federal Reserve Bank of ... Read more
Reviews for Inflation Targeting: Lessons from the International Experience
"Bernanke et al. provide a coherent and well-structured analysis of IT that will be essential reading for central bankers and academics interested in simply understanding IT, or contemplating an IT regime themselves. The volume is rich in detail about the individual experiences of the various inflation targeting countries."
Journal of Economics "A groundbreaking study that will be likely to have a ... Read more
Journal of Economics "A groundbreaking study that will be likely to have a ... Read more