Inflation Targeting: Lessons from the International Experience - Image 1

£41.99

This is the most expensive it has ever been. Walk away.

£42 today · previous high £42 · all-time low £40

Princeton University Press Inflation Targeting: Lessons from the International Experience

Name: Inflation Targeting: Lessons from the International Experience
Brand: Princeton University Press
Price: 41.99 GBP
Availability: InStock

A-107-420

Business & Economic History

Price Distribution

Price distribution over 60 days • 2 price levels

Days at Price

Current Price

Price Analysis

Most common price: £40 (51 days, 85.0%)

Price range: £40 - £42

Price levels: 2 different prices over 60 days

Description

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 the first in-depth study of inflation targeting. Combining penetrating theoretical analysis with detailed 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 U.S. Federal Reserve and the European Central Bank should adopt this strategy, and they make specific proposals for doing so. The book 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 for the public to understand the intent and effects of monetary policy. This strategy also increases policymakers' accountability for inflation performance and can accommodate flexible, even "discretionary," monetary policy actions without sacrificing central banks' credibility. The authors examine how well variants of this approach have worked in nine countries: Germany and Switzerland (which employ a money-focused form of inflation targeting), New Zealand, Canada, the United Kingdom, Sweden, Israel, Spain, and Australia. They show that these countries have typically seen lower inflation, lower inflation expectations, and lower nominal interest rates, and have found that one-time shocks to the price level have less of a "pass-through" effect on inflation. These effects, in turn, are improving the climate for economic growth. 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. Clear, balanced, and authoritative, Inflation Targeting is a groundbreaking study that will have a major impact on the debate over the right monetary strategy for the coming decades. As a unique comparative study of what central banks actually do in different countries around the world, this book will also be invaluable to anyone interested in how economic policy is made.

Product Specifications

Brand: Princeton University Press
Model: A-107-420
Format: paperback
ASIN: 0691086893
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 23 January 2001
Listed Since: 13 February 2007

Barcode

No barcode data available

This is the most expensive it has ever been. Walk away.

Princeton University Press Inflation Targeting: Lessons from the International Experience

Price Distribution

Price Analysis

Description

Product Specifications

Barcode

Similar Products You Might Like

Monetary Policy and Issues: New Research

Inflation Targeting and Financial Stability: Monetary Policy Challenges for the Future

Inflation Expectations: 56 (Routledge International Studies in Money and Banking)

Beyond Inflation Targeting: Assessing the Impacts and Policy Alternatives

Inflation Patterns and Monetary Policy: Lessons for the European Central Bank

Efficiency of Inflation Targeting in Transition Countries: The Czech Republic´s Experience with IT Regime

Inflation Targeting and Policy Rules: The Case of Mexico, 2001-2012

Inflation Targeting and Policy Rules: The Case of Mexico, 2001-2012

Routledge Monetary Policy Over Fifty Years - Economic History

Learning from World's Best Central Bankers - Inflation Policy

Monetary Equilibrium and Nominal Income Targeting: The Case of Nominal Income Targeting (Routledge International Studies in Money and Banking)

Central Bank Policy: Theory and Practice

Princeton University Press - Interest and Prices Book

Money in the Middle East and North Africa: Monetary Policy Frameworks and Strategies (Routledge Political Economy of the Middle East and North Africa)

Monetary Policy in Low-Inflation Economies

Inflation Dynamics in South Africa: The Role of Thresholds, Exchange Rate Pass-through and Inflation Expectations on Policy Trade-offs

Inflation in a Monetary Union

Inflation in a Monetary Union

Principles of Economics Brief Edition + Economy 2009 Update

Inflation and Monetary Policy Rules: Evidence from Indonesia

Principles of Macroeconomics, Brief Edition + Economy 2009 Updates

Re-examining Monetary and Fiscal Policy for the 21st Century

The Evolution of Central Banking and Monetary Policy in the Asia-Pacific

Great Inflations of the 20th Century: Theories, Policies and Evidence

This is the most expensive it has ever been. Walk away.

Princeton University Press Inflation Targeting: Lessons from the International Experience

Price History & Forecast

Price Distribution

Price Analysis

Description

Product Specifications

Barcode

Similar Products You Might Like

Monetary Policy and Issues: New Research

Inflation Targeting and Financial Stability: Monetary Policy Challenges for the Future

Inflation Expectations: 56 (Routledge International Studies in Money and Banking)

Beyond Inflation Targeting: Assessing the Impacts and Policy Alternatives

Inflation Patterns and Monetary Policy: Lessons for the European Central Bank

Efficiency of Inflation Targeting in Transition Countries: The Czech Republic´s Experience with IT Regime

Inflation Targeting and Policy Rules: The Case of Mexico, 2001-2012

Inflation Targeting and Policy Rules: The Case of Mexico, 2001-2012

Routledge Monetary Policy Over Fifty Years - Economic History

Learning from World's Best Central Bankers - Inflation Policy

Monetary Equilibrium and Nominal Income Targeting: The Case of Nominal Income Targeting (Routledge International Studies in Money and Banking)

Central Bank Policy: Theory and Practice

Princeton University Press - Interest and Prices Book

Money in the Middle East and North Africa: Monetary Policy Frameworks and Strategies (Routledge Political Economy of the Middle East and North Africa)

Monetary Policy in Low-Inflation Economies

Inflation Dynamics in South Africa: The Role of Thresholds, Exchange Rate Pass-through and Inflation Expectations on Policy Trade-offs

Inflation in a Monetary Union

Inflation in a Monetary Union

Principles of Economics Brief Edition + Economy 2009 Update

Inflation and Monetary Policy Rules: Evidence from Indonesia

Principles of Macroeconomics, Brief Edition + Economy 2009 Updates

Re-examining Monetary and Fiscal Policy for the 21st Century

The Evolution of Central Banking and Monetary Policy in the Asia-Pacific

Great Inflations of the 20th Century: Theories, Policies and Evidence