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The Inflation-targeting debate

Author: Bernanke, Ben S. ; Woodford, Michael Series: Studies in business cycles ; 32 Publisher: NBER, 2005.Language: EnglishDescription: 458 p. ; 24 cm.ISBN: 0226044718Type of document: BookBibliography/Index: Includes bibliographical references and index
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Item type Current location Collection Call number Status Date due Barcode Item holds
Book Europe Campus
Main Collection
Print HG229 .I64 2005
(Browse shelf)
Available 001174089
Total holds: 0

Includes bibliographical references and index


The Inflation Targeting Debate Contents Acknowledgments Introduction Ben S. Bernanke and Michael Woodford 1. What Has Inflation Targeting Achieved? Mervyn King I. OPTIMAL TARGETS 2. Implementing Optimal Policy through Inflation-Forecast Targeting Lars E. O. Svensson and Michael Woodford Comment: Bennett T. McCallum Discussion Summary 3. Optimal Inflation-Targeting Rules Marc P. Giannoni and Michael Woodford Comment: Edward Nelson Discussion Summary 4. Inflation Targeting, Price-Path Targeting, and Output Variability Stephen G. Cecchetti and Junhan Kim Comment: N. Gregory Mankiw Discussion Summary ix 1 11 19 93 173 viii Contents 5. Imperfect Knowledge, Inflation Expectations, and Monetary Policy Athanasios Orphanides and John C. Williams Comment: George W. Evans Discussion Summary 201 II. CRITICAL PERSPECTIVES 6. Does Inflation Targeting Matter? Laurence Ball and Niamh Sheridan Comment: Mark Gertler Discussion Summary 7. Limits to Inflation Targeting Christopher A. Sims Comment: Stephanie Schmitt-Grohé Discussion Summary 8. Inflation Targeting in the United States? Marvin Goodfriend Comment: Donald L. Kohn Discussion Summary 249 283 311 III. INFLATION TARGETING FOR EMERGING MARKETS 9. Inflation Targeting in Transition Economies: Experience and Prospects Jiri Jonas and Frederic S. Mishkin Comment: Olivier Blanchard Discussion Summary 10. Inflation Targeting and Sudden Stops Ricardo J. Caballero and Arvind Krishnamurthy Comment: Ben S. Bernanke Discussion Summary Contributors Author Index Subject Index 353 423 447 451 455

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