LEADER 03990nam 22006495 450 001 9910450935703321 005 20210429232441.0 010 $a1-281-12531-8 010 $a9786611125318 010 $a0-226-04473-4 024 7 $a10.7208/9780226044736 035 $a(CKB)1000000000410634 035 $a(EBL)408541 035 $a(OCoLC)437248244 035 $a(StDuBDS)EDZ0000115704 035 $a(DE-B1597)524848 035 $a(OCoLC)781254234 035 $a(DE-B1597)9780226044736 035 $a(MiAaPQ)EBC408541 035 $a(EXLCZ)991000000000410634 100 $a20200424h20072004 fg 0 101 0 $aeng 135 $aur|nu---|u||u 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 04$aThe Inflation-Targeting Debate /$fBen S. Bernanke, Michael Woodford 210 1$aChicago :$cUniversity of Chicago Press,$d[2007] 210 4$dİ2004 215 $a1 online resource (468 p.) 225 0 $aNational Bureau of Economic Research Studies in Business Cycles ;$v32 300 $aDescription based upon print version of record. 311 0 $a0-226-04471-8 320 $aIncludes bibliographical references and index. 327 $tFront matter --$tContents --$tAcknowledgments --$tIntroduction --$t1. What Has Inflation Targeting Achieved? --$t2. Implementing Optimal Policy through Inflation-Forecast Targeting --$t3. Optimal Inflation-Targeting Rules --$t4. Inflation Targeting, Price-Path Targeting, and Output Variability --$t5. Imperfect Knowledge, Inflation Expectations, and Monetary Policy --$t6. Does Inflation Targeting Matter? --$t7. Limits to Inflation Targeting --$t8. Inflation Targeting in the United States? --$t9. Inflation Targeting in Transition Economies: Experience and Prospects --$t10. Inflation Targeting and Sudden Stops --$tContributors --$tAuthor Index --$tSubject Index 330 $aOver the past fifteen years, a significant number of industrialized and middle-income countries have adopted inflation targeting as a framework for monetary policymaking. As the name suggests, in such inflation-targeting regimes, the central bank is responsible for achieving a publicly announced target for the inflation rate. While the objective of controlling inflation enjoys wide support among both academic experts and policymakers, and while the countries that have followed this model have generally experienced good macroeconomic outcomes, many important questions about inflation targeting remain. In Inflation Targeting, a distinguished group of contributors explores the many underexamined dimensions of inflation targeting-its potential, its successes, and its limitations-from both a theoretical and an empirical standpoint, and for both developed and emerging economies. The volume opens with a discussion of the optimal formulation of inflation-targeting policy and continues with a debate about the desirability of such a model for the United States. The concluding chapters discuss the special problems of inflation targeting in emerging markets, including the Czech Republic, Poland, and Hungary. 410 0$aNational Bureau of Economic Research Studies in Business Cycles 606 $aElectronic books 606 $aInflation (Finance) \$xCongresses 606 $aInflation (Finance) 606 $aMonetary policy$xCongresses 608 $aElectronic books. 615 4$aElectronic books. 615 4$aInflation (Finance) \$xCongresses. 615 4$aInflation (Finance). 615 4$aMonetary policy$xCongresses. 676 $a332.4/1 676 $a332.41 702 $aBernanke$b Ben S.$4edt$4http://id.loc.gov/vocabulary/relators/edt 702 $aWoodford$b Michael$4edt$4http://id.loc.gov/vocabulary/relators/edt 712 02$aNational Bureau of Economic Research. 801 0$bDE-B1597 801 1$bDE-B1597 906 $aBOOK 912 $a9910450935703321 996 $aThe Inflation-Targeting Debate$92221482 997 $aUNINA