Inflation Targeting
Lessons from the International Experience
Seiten
1998
Princeton University Press (Verlag)
978-0-691-05955-6 (ISBN)
Princeton University Press (Verlag)
978-0-691-05955-6 (ISBN)
- Titel ist leider vergriffen;
keine Neuauflage - Artikel merken
This text begins by explaining the unique features and advantages of inflation targeting. The authors argue that the simplicity and openness of inflation targeting make it far easier to understand the intent and effects of monetary policy. They examine the approach in nine countries.
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 a study of inflation targeting. Combining theoretical analysis with 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 US Federal Reserve and the European Central Bank should adopt this strategy, and they make specific proposals for doing so. The authors warn, however, that the success of inflation targeting depends on operational details, such as how the targets are defined and when they are announced. They also show that inflation targeting is not a panacea that can make inflation perfectly predictable or reduce it without economic costs.
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 a study of inflation targeting. Combining theoretical analysis with 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 US Federal Reserve and the European Central Bank should adopt this strategy, and they make specific proposals for doing so. The authors warn, however, that the success of inflation targeting depends on operational details, such as how the targets are defined and when they are announced. They also show that inflation targeting is not a panacea that can make inflation perfectly predictable or reduce it without economic costs.
Ben S. Bernanke is Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs at Princeton University. Thomas Laubach is an economist at the Federal Reserve Bank of Kansas City. Frederic S. Mishkin is A. Barton Hepburn Professor of Economics at the Graduate School of Business, Columbia University, and former Director of Research at the Federal Reserve Bank of New York. Adam S. Posen is Research Associate at the Institute for International Economics.
Erscheint lt. Verlag | 13.12.1998 |
---|---|
Zusatzinfo | 25 line illus., 70 tables |
Verlagsort | New Jersey |
Sprache | englisch |
Maße | 152 x 229 mm |
Gewicht | 709 g |
Themenwelt | Sozialwissenschaften ► Politik / Verwaltung ► Staat / Verwaltung |
Wirtschaft ► Allgemeines / Lexika | |
Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft | |
Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik | |
ISBN-10 | 0-691-05955-1 / 0691059551 |
ISBN-13 | 978-0-691-05955-6 / 9780691059556 |
Zustand | Neuware |
Haben Sie eine Frage zum Produkt? |
Mehr entdecken
aus dem Bereich
aus dem Bereich
Organisationen steuern, Strukturen schaffen, Prozesse gestalten
Buch | Softcover (2024)
Rehm Verlag
38,00 €
Grundzüge der öffentlichen Auftragsvergabe
Buch | Softcover (2022)
Springer Fachmedien Wiesbaden GmbH (Verlag)
14,99 €