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[Ebook] Inflation Targeting: Lessons from the International Experience KINDLE By Ben S. Bernanke Book details ●

Author : Ben S. Bernanke

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Pages : 392 pages

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Publisher : Princeton University Press 2001-01-23

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Language : English

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ISBN-10 : 0691086893

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ISBN-13 : 9780691086897

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Book Synopsis 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

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