Twenty years of inflation targeting : lessons learned and future prospects
Author(s)
Bibliographic Information
Twenty years of inflation targeting : lessons learned and future prospects
Cambridge University Press, 2010
- : hbk
Available at 15 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes index
Description and Table of Contents
Description
There is now a remarkably strong consensus among academics and professional economists that central banks should adopt explicit inflation targets and that all key monetary policy decisions, especially those concerning interest rates, should be made with a view to ensuring that these targets are achieved. This book provides a comprehensive review of the experience of inflation targeting since its introduction in New Zealand in 1989 and looks in detail at what we can learn from the past twenty years and what challenges we may face in the future. Written by a distinguished team of academics and professional economists from central banks around the world, the book covers a wide range of issues including many that have arisen as a result of the recent financial crisis. It should be read by anyone concerned with better understanding inflation targeting and its past, present and future role within monetary policy.
Table of Contents
- List of figures
- List of tables
- 1. Introduction David Cobham, Oyvind Eitrheim, Stefan Gerlach and Jan Qvigstad
- 2. Welcome remarks: a Norwegian perspective Jan F. Qvigstad
- 3. Reflections on inflation targeting Athanasios Orphanides
- 4. Inflation targeting at 20: achievements and challenges Scott Roger
- 5. Inflation targeting twenty years on: where, when, why, with what effects, what lies ahead? Klaus Schmidt-Hebbel
- 6. How did we get to inflation targeting and where do we need to go to now? A perspective from the US experience Daniel L. Thornton
- 7. Inflation control around the world: why are some countries more successful than others? Thorarinn G. Petursson
- 8. Targeting inflation in Asia and the Pacific: lessons from the recent past Andrew Filardo and Hans Genberg
- 9. Inflation targeting and asset prices Christopher Allsopp
- 10. The optimal monetary policy instrument, inflation versus asset price targeting, and financial stability Charles Goodhart, Carolina Osorio and Dimitrios Tsomocos
- 11. Expectations, deflation traps and macroeconomic policy George Evans and Seppo Honkapohja
- 12. Heterogeneous expectations, learning and European inflation dynamics Anke Weber
- 13. Inflation targeting and private sector forecasts Stephen Cecchetti and Craig Hakkio
- 14. Inflation targeting, transparency and inflation forecasts: evidence from individual forecasters Christopher Crowe
- 15. Gauging the effectiveness of quantitative forward guidance: evidence from three inflation targeters Magnus Andersson and Boris Hofmann
- 16. Macro modelling with many models Ida Wolden Bache, James Mitchell, Francesco Ravazzolo and Shaun P. Vahey
- 17. Have crisis monetary policy initiatives jeopardised central bank independence? Charles Goodhart
- 18. Inflation targeting: learning the lessons from the financial crisis Spencer Dale
- 19. The financial crisis as an opportunity to strengthen inflation targeting frameworks Hans Genberg
- 20. Leaning against the wind is fine, but will often not be enough Lars Heikensten
- 21. Inflation targeting, capital requirements and 'leaning against the wind': some comments Sushil Wadhwani
- Index.
by "Nielsen BookData"