Inflation targeting
Subtitle: lessons from the international experience
By: Ben S. Bernanke ... [et al.].
Contributors: Bernanke, Ben.
Publisher: Princeton University Press
Published: 1999
Place of publication: Princeton, N.J
Language: eng
Number of pages: 382
Subjects: Anti-inflationary policies -- Case studies; Monetary policy -- Case studies
Genres: Case studies.
Description: 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 an 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. Federal Reserve and the European Central Bank should adopt this strategy, and they make specific proposals for doing so.
Notes: Includes bibliographical references (p. [355]-365) and index.