000			03983pam a2200253a 44500
003			OSt
005			20250619123823.0
008			160408b2010 xxu||||| |||| 00| 0 eng d
020			_a9780521768184
040			_aIIT, Kanpur
082			_a339.530993 _bT918
245	0		_aTwenty years of inflation targeting _blessons learned and future prospects _cedited by David Cobham ...[et al.]
260			_aCambridge _bCambridge University Press _c2010
300			_axv, 451 p.
500			_a "Norges Bank." "Institute for Monetary and Financial Stability." Includes bibliographical references and index.
505			_aList of figures; List of tables; 1. Introduction David Cobham, Øyvind Eitrheim, Stefan Gerlach and Jan Qvigstad; 2. Welcome remarks: a Norwegian perspective Jan F. Qvigstad; 3. Reflections on inflation targeting Athanasios Orphanides; 4. Inflation targeting at 20: achievements and challenges Scott Roger; 5. Inflation targeting twenty years on: where, when, why, with what effects, what lies ahead? Klaus Schmidt-Hebbel; 6. How did we get to inflation targeting and where do we need to go to now? A perspective from the US experience Daniel L. Thornton; 7. Inflation control around the world: why are some countries more successful than others? Thórarinn G. Pe;tursson; 8. Targeting inflation in Asia and the Pacific: lessons from the recent past Andrew Filardo and Hans Genberg; 9. Inflation targeting and asset prices Christopher Allsopp; 10. The optimal monetary policy instrument, inflation versus asset price targeting, and financial stability Charles Goodhart, Carolina Osorio and Dimitrios Tsomocos; 11. Expectations, deflation traps and macroeconomic policy George Evans and Seppo Honkapohja; 12. Heterogeneous expectations, learning and European inflation dynamics Anke Weber; 13. Inflation targeting and private sector forecasts Stephen Cecchetti and Craig Hakkio; 14. Inflation targeting, transparency and inflation forecasts: evidence from individual forecasters Christopher Crowe; 15. Gauging the effectiveness of quantitative forward guidance: evidence from three inflation targeters Magnus Andersson and Boris Hofmann; 16. Macro modelling with many models Ida Wolden Bache, James Mitchell, Francesco Ravazzolo and Shaun P. Vahey; 17. Have crisis monetary policy initiatives jeopardised central bank independence? Charles Goodhart; 18. Inflation targeting: learning the lessons from the financial crisis Spencer Dale; 19. The financial crisis as an opportunity to strengthen inflation targeting frameworks Hans Genberg; 20. Leaning against the wind is fine, but will often not be enough Lars Heikensten; 21. Inflation targeting, capital requirements and 'leaning against the wind': some comments Sushil Wadhwani; Index.
520			_aThere 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"-- Provided by publisher.
648			_z . .
650			_aInflation (Finance)
650			_aBanks and banking, Central--New Zealand
653			_aInflation targeting--New Zealand
700			_aCobham, David P., ed.
942			_2ddc _cBK
999			_c367872 _d367872