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Post Inflation Targeting Monetary Policy: A Study of Britain, Japan and the United States

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  • Mehdi Siamak MONADJEMI

    (University of New South Wales, Australia)

  • John LODEWIJKS

    (University of New South Wales, Australia)

Abstract

There is now considerable disquiet about the appropriate monetary strategy that central banks should follow in the aftermath of the global financial crisis. Several influential commentators have called for the abandonment of inflation targeting. Empirical research examining three major economies demonstrates that inflation targeting was effective prior to the crisis and a more flexible form of targeting may still be appropriate after the crisis.

Suggested Citation

  • Mehdi Siamak MONADJEMI & John LODEWIJKS, 2014. "Post Inflation Targeting Monetary Policy: A Study of Britain, Japan and the United States," Expert Journal of Economics, Sprint Investify, vol. 2(1), pages 21-29.
    • Handle: RePEc:exp:econcs:v:2:y:2014:i:1:p:21-29
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Inflation targeting; monetary policy; comparative study;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

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