Inflation Targeting is Neither Necessary Nor Sufficient
AbstractProponents of inflation targeting suggest that countries using this tool understand better, their responsibility for price stability and are able to better communicate their superior policy target. Thus, they also should achieve lower inflation. Fed Chair Ben Bernanke is a strong proponent of inflation targeting, conducting monetary policy to achieve an announced target. This article discusses whether inflation targeting is necessary.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 17828.
Date of creation: 31 May 2006
Date of revision:
Publication status: Published in Research Buzz 5.2(2006): pp. 1-2
Inflation targeting; monetary policy;
Find related papers by JEL classification:
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
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- Francis H Schott, 2005. "Inflation Targeting," Business Economics, Palgrave Macmillan, vol. 40(1), pages 46-49, January.
- repec:fip:fedlps:y:2006 is not listed on IDEAS
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