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All central banks manage the supply of money and credit in their countries, increasing and decreasing them as needed to provide what economies need to keep growing. The way central banks typically handle that job involves short-term interest rates. But when inflation is low, central banks can't use their usual methods to get money and credit into an economy that needs it. Several essays in this volume describe the work of economists who have investigated problems that central banks might have when inflation gets low. Other essays investigate related questions such as whether an economy suffers when it moves from high inflation to low inflation, what the costs of inflation are to economic welfare, and whether a little bit of inflation can actually be good for economic growth.

Inflation (Finance) --- Monetary policy --- 339.53 --- 333.841 --- 333.846.2 --- AA / International- internationaal --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Finance --- Natural rate of unemployment --- Inflatie --- Verband tussen de geld-, bank- en kredietpolitiek en de prijzen --- Monetary policy. --- Business, Economy and Management --- Economics

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Over the past fifteen years, a significant number of industrialized and middle-income countries have adopted inflation targeting as a framework for monetary policymaking. As the name suggests, in such inflation-targeting regimes, the central bank is responsible for achieving a publicly announced target for the inflation rate. While the objective of controlling inflation enjoys wide support among both academic experts and policymakers, and while the countries that have followed this model have generally experienced good macroeconomic outcomes, many important questions about inflation targeting remain. In Inflation Targeting, a distinguished group of contributors explores the many underexamined dimensions of inflation targeting-its potential, its successes, and its limitations-from both a theoretical and an empirical standpoint, and for both developed and emerging economies. The volume opens with a discussion of the optimal formulation of inflation-targeting policy and continues with a debate about the desirability of such a model for the United States. The concluding chapters discuss the special problems of inflation targeting in emerging markets, including the Czech Republic, Poland, and Hungary.

Inflation targeting --- Inflation (Finance) - Congresses. --- Monetary policy - Congresses. --- -332.41 --- Inflation (Finance) --- Monetary policy --- E-books --- 332.41 --- 333.80 --- 333.846.2 --- AA / International- internationaal --- Targeting, Inflation --- Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden --- Verband tussen de geld-, bank- en kredietpolitiek en de prijzen --- Conferences - Meetings --- Electronic books. --- Inflation (Finance). --- Congresses. --- inflation, economics, monetary policy, macroeconomics, emerging markets, hungary, poland, czech republic, central banks, chile, constraint, equilibrium, emu, exchange rates, federal reserve, greenspan, growth, output, fiscal policies, nonfiction, imperfect knowledge, israel, japan, price, stability, sweden, switzerland, targeting, transparency, variables, wages.

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The 'Phillips curve' represents the inverse relationship between inflation & unemployment, & is a central concept in macroeconomic analysis. This volume offers an assessment of how more sophisticated analysis of prices & wage setting & inflation expectations have changed the nature of the curve.

Inflation (Finance) --- Phillips curve --- Monetary policy --- Unemployment --- Effect of inflation on --- Mathematical models --- AA / International- internationaal --- 333.841 --- 333.846.2 --- -Phillips curve --- -Monetary policy --- -Unemployment --- -332.41 --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Joblessness --- Employment (Economic theory) --- Full employment policies --- Labor supply --- Manpower policy --- Right to labor --- Underemployment --- Inflatie. --- Verband tussen de geld-, bank- en kredietpolitiek en de prijzen. --- -Mathematical models --- Electronic books. -- local. --- Inflation (Finance) -- Congresses. --- Monetary policy -- Congresses. --- Phillips curve -- Congresses. --- Unemployment -- Effect of inflation on -- Mathematical models -- Congresses. --- Money --- Finance --- Business & Economics --- -Electronic books. -- local. --- ECONOMICS/Macroeconomics --- 332.41 --- Inflatie --- Verband tussen de geld-, bank- en kredietpolitiek en de prijzen --- Inflation (Finance) - Congresses --- Phillips curve - Congresses --- Monetary policy - Congresses --- Unemployment - Effect of inflation on - Mathematical models - Congresses

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In recent years, the Federal Reserve and central banks worldwide have enjoyed remarkable success in their battle against inflation. The challenge now confronting the Fed and its counterparts is how to proceed in this newly benign economic environment: Should monetary policy seek to maintain a rate of low-level inflation or eliminate inflation altogether in an effort to attain full price stability? In a seminal article published in 1997, Martin Feldstein developed a framework for calculating the gains in economic welfare that might result from a move from a low level of inflation to full price stability. The present volume extends that analysis, focusing on the likely costs and benefits of achieving price stability not only in the United States, but in Germany, Spain, and the United Kingdom as well. The results show that even small changes in already low inflation rates can have a substantial impact on the economic performance of different countries, and that variations in national tax rules can affect the level of gain from disinflation.

Economic policy and planning (general) --- Prices --- Monetary policy --- Inflation (Finance) --- Price regulation --- Congresses --- Government policy --- politique economique --- politique des prix --- inflation --- impot sur le capital --- politique fiscale --- international --- AA / International- internationaal --- DE / Germany - Duitsland - Allemagne --- ES / Spain - Spanje - Espagne --- GB / United Kingdom - Verenigd Koninkrijk - Royaume Uni --- US / United States of America - USA - Verenigde Staten - Etats Unis --- 333.841 --- 380.3 --- 333.846.2 --- NBB congres --- -Price regulation --- -Monetary policy --- -Inflation (Finance) --- -338.526 --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Government price control --- Government price regulation --- Price control --- Price stabilization, Governmental --- Pricing --- Regulation of prices --- Trade regulation --- Anti-inflationary policies --- Commercial products --- Commodity prices --- Justum pretium --- Price theory --- Consumption (Economics) --- Cost --- Costs, Industrial --- Money --- Cost and standard of living --- Supply and demand --- Value --- Wages --- Willingness to pay --- economisch beleid --- prijsbeleid --- inflatie --- vermogensbelasting --- fiscaal beleid --- internationaal --- Inflatie. --- Prijsbeleid. --- Verband tussen de geld-, bank- en kredietpolitiek en de prijzen. --- -Law and legislation --- Law and legislation --- Congresses. --- -politique economique --- Government policy&delete& --- Precios --- Política y gobierno --- Congresos, conferencias, etc. --- Regulación de los precios --- Inflacción (Finanzas) --- Política monetaria --- E-books --- 338.526 --- Inflatie --- Verband tussen de geld-, bank- en kredietpolitiek en de prijzen --- Prijsbeleid --- Inflation (finance) --- Monetary policy - Congresses --- Inflation (Finance) - Congresses --- Price regulation - Congresses --- Prices - Government policy - Congresses --- federal reserve, bank, banking, banker, international, global, inflation, fed, economic, economy, economics, price, low level, rate, article, 1990s, contemporary, modern, 20th century, gains, welfare, united states, germany, spain, uk, america, tax, taxes, capital, income, cost, benefit, analysis, essay collection, textbook, academic, scholarly, research, college, university.

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336.748.12 --- 336.781 --- 336.2 --- Fiscal policy --- Inflation (Finance) --- Interest rates --- -Monetary policy --- 336.74 --- 336.3 --- AA / International- internationaal --- 333.841 --- 333.846.2 --- 333.846.6 --- 330.05 --- 332.46 --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Tax policy --- Taxation --- Finance, Public --- Finance --- Natural rate of unemployment --- 336.2 Belastingen. Belastingswezen. Openbare financien. Belastingspolitiek. Belastingstheorie. Belastingsharmonisatie. Fiskale politiek. Belastingsleer. Belastingsdruk. Belastingstechniek. Belastingsstelsel.Belastingstarief --- 336.2 Belastingsakkoorden. Belastingswezen --- Belastingen. Belastingswezen. Openbare financien. Belastingspolitiek. Belastingstheorie. Belastingsharmonisatie. Fiskale politiek. Belastingsleer. Belastingsdruk. Belastingstechniek. Belastingsstelsel.Belastingstarief --- Belastingsakkoorden. Belastingswezen --- 336.781 Rente. Interest. Interestpolitiek. Yield-curve-analyse.bankrate. Interestvoet. Rentevoet. Depositorente. Fisher-hypothesis. --- Rente. Interest. Interestpolitiek. Yield-curve-analyse.bankrate. Interestvoet. Rentevoet. Depositorente. Fisher-hypothesis. --- 336.748.12 Algemeen prijsniveau. Prijsindex. Prijsstijging --- Algemeen prijsniveau. Prijsindex. Prijsstijging --- Money market rates --- Rate of interest --- Rates, Interest --- Interest --- Effect of inflation on --- Geld. Monetaire politiek --- Openbare schulden --- Inflatie. --- Verband tussen de geld-, bank- en kredietpolitiek en de prijzen. --- verband tussen de geld-, bank- en kredietpolitiek en de openbare financiën. --- Government policy --- Economics --- -330.05 --- Economic theory --- Political economy --- Social sciences --- Economic man --- Electronic information resources --- E-journals --- Monetary policy --- Inflatie --- Verband tussen de geld-, bank- en kredietpolitiek en de prijzen --- verband tussen de geld-, bank- en kredietpolitiek en de openbare financiën --- Rente. Interest. Interestpolitiek. Yield-curve-analyse.bankrate. Interestvoet. Rentevoet. Depositorente. Fisher-hypothesis --- Money. Monetary policy --- Public debt --- Money --- Credit --- Credit. --- Interest. --- Monetary policy. --- Money. --- Currency --- Monetary question --- Money, Primitive --- Specie --- Standard of value --- Exchange --- Value --- Banks and banking --- Coinage --- Currency question --- Gold --- Silver --- Silver question --- Wealth --- Interest and usury --- Finance charges --- Income --- Borrowing --- Loans --- Law and legislation --- Political aspects --- Norway --- Norway. --- Kingdom of Norway --- Kongeriket Noreg --- Kongeriket Norge --- Noreg --- Norga --- Norge --- Norgga gonagasriika --- Norja --- Noruwē --- Norvège --- Norvegia --- Norveška --- Norwegen --- Norwegia --- ノルウェー --- Noruw --- Economic conditions --- Economic history. --- History, Economic