LEADER 03989nam 2200589 a 450 001 9910827656503321 005 20200520144314.0 010 $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 $a20040726d2005 uy 0 101 0 $aeng 135 $aur|nu---|u||u 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 04$aThe inflation-targeting debate /$fedited by Ben S. Bernanke and Michael Woodford 205 $a1st ed. 210 $aChicago $cUniversity of Chicago Press$dc2005 215 $a1 online resource (468 p.) 225 1 $aNational Bureau of Economic Research--studies in business cycles ;$vv. 32 300 $a"This volume grew out of a National Bureau of Economic Research (NBER) conference on inflation targeting held in Bal Harbour, Florida, in January 2003"--p. ix. 311 0 $a0-226-04471-8 320 $aIncludes bibliographical references and indexes. 327 $aWhat has inflation targeting achieved? / Mervyn King -- Implementing optimal policy through inflation-forecast targeting / Lars E.O. Svensson and Michael Woodford -- Optimal inflation-targeting rules / Marc P. Giannoni and Michael Woodford -- Inflation targeting, price-path targeting, and output variability / Stephen G. Cecchetti and Junhan Kim -- Imperfect knowledge, inflation expectations, and monetary policy / Athanasios Orphanides and John C. Williams -- Does inflation targeting matter? / Laurence Ball and Niamh Sheridan -- Limits to inflation targeting / Christopher A. Sims -- Inflation targeting in the United States? / Marvin Goodfriend -- Inflation targeting in transition economies : experience and prospects / Jiri Jonas and Frederic S. Mishkin -- Inflation targeting and sudden stops / Ricardo J. Caballero and Arvind Krishnamurthy. 330 $aOver the past fifteen years, a significant number of industrialized and middle-income countries have adopted inflation targeting as a framework for monetary policymaking. As the name suggests, in such inflation-targeting regimes, the central bank is responsible for achieving a publicly announced target for the inflation rate. While the objective of controlling inflation enjoys wide support among both academic experts and policymakers, and while the countries that have followed this model have generally experienced good macroeconomic outcomes, many important questions about inflation targeting remain. In Inflation Targeting, a distinguished group of contributors explores the many underexamined dimensions of inflation targeting-its potential, its successes, and its limitations-from both a theoretical and an empirical standpoint, and for both developed and emerging economies. The volume opens with a discussion of the optimal formulation of inflation-targeting policy and continues with a debate about the desirability of such a model for the United States. The concluding chapters discuss the special problems of inflation targeting in emerging markets, including the Czech Republic, Poland, and Hungary. 410 0$aStudies in business cycles ;$vno. 32. 606 $aInflation (Finance)$vCongresses 606 $aMonetary policy$vCongresses 615 0$aInflation (Finance) 615 0$aMonetary policy 676 $a332.4/1 701 $aBernanke$b Ben$0765161 701 $aWoodford$b Michael$f1955-$0123416 712 02$aNational Bureau of Economic Research. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910827656503321 996 $aThe inflation-targeting debate$94202227 997 $aUNINA