Twenty Years of Inflation Targeting
Lessons Learned and Future Prospects
$336.90
- Hardcover
468 pages
- Release Date
16 September 2010
Summary
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 …
Book Details
| ISBN-13: | 9780521768184 |
|---|---|
| ISBN-10: | 0521768187 |
| Author: | David Cobham, Øyvind Eitrheim, Stefan Gerlach, Jan F. Qvigstad |
| Publisher: | Cambridge University Press |
| Imprint: | Cambridge University Press |
| Format: | Hardcover |
| Number of Pages: | 468 |
| Release Date: | 16 September 2010 |
| Weight: | 880g |
| Dimensions: | 234mm x 159mm x 26mm |
What They're Saying
Critics Review
‘After the financial crisis, central banks stand at a crossroads, and this book provides an invaluable guide. In it, a diverse set of academic and central bank contributors survey both the past achievements of inflation targeting as well as future challenges, including re-examining the role of asset prices in formulating monetary policy.’ Glenn Rudebusch, Federal Reserve Bank of San Francisco‘A valuable collection of thoughtful and up-to-date views on all aspects of inflation targeting from an impressive group of experts.’ David Miles, Monetary Policy Committee, Bank of England
About The Author
David Cobham
David Cobham is Professor of Economics at Heriot-Watt University. Øyvind Eitrheim is Director of the Research Department at Norges Bank. Stefan Gerlach is Professor of Monetary Economics at the Institute for Monetary and Financial Stability, University of Frankfurt. Jan F. Qvigstad is Deputy Governor of Norges Bank.
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