Twenty Years of Inflation Targeting: Lessons Learned and Future Prospects - Softcover

Softcover

ISBN 10: 1107696895 ISBN 13: 9781107696891

Publisher: Cambridge University Press, 2014

Synopsis

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 years and what challenges we may face in the future. Written by a distinguished team of academics and professional economists from central banks around the world, the book covers a wide range of issues including many that have arisen as a result of the recent financial crisis. It should be read by anyone concerned with better understanding inflation targeting and its past, present and future role within monetary policy.

About this title

About the Authors

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.

Edition details

• Publisher: Cambridge University Press
• Publication date: 2014
• Language: English
• ISBN 10: 1107696895
• ISBN 13: 9781107696891
• Binding: Paperback
• Number of pages: 468
• Editor: Cobham David, Eitrheim Øyvind, Gerlach Stefan, Qvigstad Jan F.