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Twenty years of inflation targeting
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ISBN: 9780521768184 9786612770722 9780511901430 0521768187 9780511779770 9781107696891 1107713447 1107209218 1282770721 0511901437 0511902220 0511799071 0511797672 0511779771 0511900643 9780511902222 1107696895 Year: 2010 Publisher: Cambridge Cambridge University Press

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There is now a remarkably strong consensus among academics and professional economists that central banks should adopt explicit inflation targets and that all key monetary policy decisions, especially those concerning interest rates, should be made with a view to ensuring that these targets are achieved. This book provides a comprehensive review of the experience of inflation targeting since its introduction in New Zealand in 1989 and looks in detail at what we can learn from the past twenty years and what challenges we may face in the future. Written by a distinguished team of academics and professional economists from central banks around the world, the book covers a wide range of issues including many that have arisen as a result of the recent financial crisis. It should be read by anyone concerned with better understanding inflation targeting and its past, present and future role within monetary policy.


Book
Monetary policy in low-inflation economies
Authors: ---
ISBN: 9780511605475 9780521848503 9781107514119 0521848504 9780511605178 051160517X 1107195829 1107514118 1282317954 9786612317958 0511604556 0511603770 0511604874 0511602995 0511605471 Year: 2009 Publisher: Cambridge Cambridge University Press

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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.


Book
Remembering Inflation
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ISBN: 9780691145402 0691145407 1299688063 1400846447 9781400846443 9781299688063 Year: 2013 Publisher: Princeton, NJ

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Today's global economy, with most developed nations experiencing very low inflation, seems a world apart from the "Great Inflation" that spanned the late 1960's to early 1980's. Yet, in this book, Brigitte Granville makes the case that monetary economists and policymakers need to keep the lessons learned during that period very much in mind, lest we return to them by making the same mistakes we made in the past. Granville details the advances in macroeconomic thinking that gave rise to the "Great Moderation"--a period of stable inflation and economic growth, which lasted from the mid-1980's through the most recent financial crisis. She makes the case that the central banks' management of monetary policy--hinging on expectations and credibility--brought about this period of stability, and traces the roots of this success back to the eighteenth-century foundations of modern monetary thought. Tackling fundamental questions such as the causes of inflation and its relation to unemployment and growth, the natural rate of inflation hypothesis, the fiscal theory of the price level, and the proper goals of central banks, the book aims above all to demonstrate the dangers of forgetting the role of credibility in establishing sound monetary policy. With the lessons of the past firmly in mind, Granville presents stimulating ideas and proposals about inflation-targeting principles, which provide tools for present-day monetary authorities dealing with the forces of globalization, mercantilism, and reserve accumulation.


Book
Understanding inflation and the implications for monetary policy
Author:
ISBN: 9780262013635 0262013630 9786612694462 0262258781 1282694464 026225820X 9780262258784 6612694467 9781282694460 Year: 2009 Publisher: Cambridge, MA MIT Press

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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.

The inflation-targeting debate
Authors: --- ---
ISBN: 0226044718 9786611125318 1281125318 0226044734 9780226044736 9780226044712 9780226044729 0226044726 Year: 2005 Publisher: Chicago University of Chicago Press

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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.

The costs and benefits of price stability
Author:
ISBN: 0226240991 9786611223373 1281223379 0226241769 9780226241760 9780226240992 9781281223371 6611223371 Year: 1999 Publisher: Chicago University of Chicago Press

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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.

Keywords

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.

Inflation Targeting in Practice : Strategic and Operational Issues and Application to Emerging Market Economies
Authors: --- --- --- ---
ISBN: 1557758891 1462368387 9786613847102 1455261882 1455220442 1283534657 9781455220441 9781462368389 9781455261888 9781283534659 6613847100 9781557758897 Year: 2000 Publisher: Washington, D.C. : International Monetary Fund,

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A growing number of countries are anchoring their monetary policy through explicit inflation targeting. This policy has already scored remarkable successes in several countries, establishing central bank credibility, and reining in inflation where it had long been stubbornly high. But implementing inflation targets raises many difficult questions. What prerequisites must an economy and its institutions meet for the strategy to work? What choices should central banks make from the menu of possible variations on the basic approach? This book summarizes the discussions in a seminar at which economists and policymakers from ten countries reviewed their experiences with inflation targeting.

Keywords

Inflation (Finance) --- Monetary policy --- Inflation --- Politique monétaire --- Government policy --- Case studies --- Politique gouvernementale --- Cas, Etudes de --- 336.748.12 --- -Monetary policy --- -AA / International- internationaal --- 333.80 --- 333.841 --- 333.846.2 --- -332.415 --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Finance --- Natural rate of unemployment --- Algemeen prijsniveau. Prijsindex. Prijsstijging --- -Case studies --- Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden. --- Inflatie. --- Verband tussen de geld-, bank- en kredietpolitiek en de prijzen. --- -Inflation targeting --- Business & Economics --- Money --- 336.748.12 Algemeen prijsniveau. Prijsindex. Prijsstijging --- Inflation targeting --- -336.748.12 --- -Inflation (Finance) --- Politique monétaire --- Targeting, Inflation --- 332.415 --- AA / International- internationaal --- Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden --- Inflatie --- Verband tussen de geld-, bank- en kredietpolitiek en de prijzen --- Banks and Banking --- Foreign Exchange --- Macroeconomics --- Money and Monetary Policy --- Monetary Policy --- Price Level --- Deflation --- Interest Rates: Determination, Term Structure, and Effects --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Forecasting and Other Model Applications --- Monetary economics --- Currency --- Foreign exchange --- Banking --- Economic Forecasting --- Exchange rates --- Consumer price indexes --- Exchange rate arrangements --- Prices --- Interest rates --- Price indexes --- New Zealand

NBER macroeconomics annual 2006
Authors: --- --- ---
ISBN: 9780226052779 9780226002149 9780226002132 9780226002095 9780226002040 9780226002026 0262012391 0262072726 0262072637 026207253X 0262072467 0262025205 0262025035 0262522713 0262024551 026252242X 0262522225 0262522055 0262560801 0262521849 0262521652 0262521555 0262521458 0262560372 9780226165400 0262061104 0262061198 0262560453 0262023350 0262023482 0262521741 0262061724 0262023946 0262024144 0262024357 026252256X 0262024764 0262523140 026252323X 0262571730 0262572214 026257229X 0262572346 9780262521451 9780226002101 9780226002101 0262061058 9780226002163 9780226052809 9780226490199 9780226577661 9780226395609 9780226268736 9780226645728 9780226707891 0262512009 0262309505 026226675X 1429480777 0262022966 9780262266758 9780262012393 9780262512008 9780262309509 9781429480772 9780226802688 0262268299 0585292787 9780262572293 9780262523233 9780262560450 9780262072465 9780262523141 9780262521840 9780226821719 9780262560801 022657766X 9780262572347 0226821714 022605280X 0226002020 9780262024556 0226002160 9780262560375 022680268X 9780262521741 022664572X 9780262023351 9780262061193 9780262522564 0226002101 9780262521659 9780262025201 022639560X 9780262072533 022649019X 9780262572217 9780262061728 9780262522052 022670789X 9780262023481 9780262024358 9780262025034 9780262024143 9780262522717 9780262023948 9780262522427 9780262061100 022616540X 0226002047 022626873X 9780262571739 9780262061056 9780262072632 9780262024761 0226002136 0226828212 9780226828213 9780585292786 9780262268295 Year: 2007 Publisher: Cambridge, Mass. MIT Press

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Discussions of questions at the cutting edge of macroeconomics that are central to contemporary policy debates, analyzing both current macroeconomic issues and recent theoretical advances.

Keywords

330.101 --- #ETEW:TSCAT --- #BA01181 --- US / United States of America - USA - Verenigde Staten - Etats Unis --- 331.30 --- 330.101 Economische analyse. Economische methodologie. Economische onderzoeksmethoden--(theoretische economie) --- Economische analyse. Economische methodologie. Economische onderzoeksmethoden--(theoretische economie) --- Economische toestand. --- AA / International- internationaal --- SU / Soviet Union - Ussr - Urss --- 331.33 --- 331.32 --- Structureel beleid. Reglementering. Dereglementering. Ordnungspolitik. --- Structuur van de economie. --- 305.5 --- Econometrie van de variaties van de vraag. Verbruiksfunctie. Econometrie van het gedrag van de verbruiker. --- 332.630 --- 338.021 --- Strijd tegen de werkloosheid: algemeen. Theorie en beleid van de werkgelegenheid. Volledige werkgelegenheid. --- Theorie van de lonen. --- BE / Belgium - België - Belgique --- DK / Denmark - Denemarken - Danemark --- IE / Ireland - Ierland - Irlande --- 336.61 --- 336.201 --- 336.01 --- 336.302 --- Financieel beleid. --- Fiscaal regime: structuur en evolutie. Fiscale hervorming. --- Overheidsbemoeiing op economisch gebied. --- Weerslag van de rijksschuld. --- 333.830 --- 333.846.0 --- Theorieën en algemeenheden over geldrente. --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden. --- Macroeconomics --- Econometrics --- Economics --- Economic policy --- Macroeconomics. --- Econometrics. --- Economics, Mathematical --- Statistics --- Macroéconomie --- Periodicals --- Périodiques --- Economische toestand --- Strijd tegen de werkloosheid: algemeen. Theorie en beleid van de werkgelegenheid. Volledige werkgelegenheid --- Theorie van de lonen --- 336.451 --- 333.46 --- Begrotingsjaren en begrotingsstaten. Rijksmiddelenbegroting. Begrotingstekort --- Financieel beleid --- Monetaire toestand en evolutie --- 339.21 --- 339.20 --- Ongelijkheid en herverdeling van vermogens en inkomens. Inkomensbeleid --- Verdeling van de goederen en van de inkomens: algemeenheden --- JP / Japan - Japon --- 339.311.3 --- 339.311.1 --- Evolutie van het sparen --- Spaarneiging --- 331.030 --- Conjunctuurschommelingen: algemeenheden --- EUR / Europe - Europa --- 332.691 --- 332.620 --- Evolutie van de arbeidsmarkt --- Werkloosheid: algemeenheden. Philipscurve --- 305.2 --- Statistieken van de conjunctuur --- CA / Canada --- 331.155 --- Geldwezen in de XIXe eeuw tot 1914 --- 305.7 --- 304.0 --- Econometrie van de variaties van de vraag. Verbruiksfunctie. Econometrie van het gedrag van de verbruiker --- Econometrie van het gedrag van de financiële tussenpersonen. Monetaire econometrische modellen. Monetaire agregaten. vraag voor geld. Krediet. Rente --- Zuivere statistische analyse (algemene naslagwerken). Tijdreeksen --- 333.110 --- 333.80 --- 332.635 --- 333.820 --- 331.157 --- 331.156 --- 333.846.2 --- 333.846.4 --- Centrale banken en parastatale kredietinstellingen: algemeen. Overheidsbemoeiïng inzake organisatie en verdeling van het krediet --- Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden --- Geldbeleid, bankbeleid en kredietbeleid in verband met de werkgelegenheid --- Geldbeleid, bankbeleid en kredietbeleid: algemeenheden --- Geldwezen sedert 1945 --- Geldwezen van 1914 tot 1945 --- Verband tussen de geld-, bank- en kredietpolitiek en de prijzen --- Verband tussen de geld-, bank- en kredietpolitiek en de productie en werkgelegenheid --- 339.325.1 --- Evolutie van de consumptie. Budget van de huishoudens --- GB / United Kingdom - Verenigd Koninkrijk - Royaume Uni --- 331.062 --- 333.842 --- 331.31 --- 330.52 --- 333.403 --- Anticyclisch beleid. Rational expectations --- Deflatie --- Economisch beleid --- Liberaal systeem. Neo-liberalisme. Theorie van de onderhandeling --- Monetaire theorieën. Kwantitatieve theorie. Theorie van de incasso's. Optiek van de uitgaven en inkomens --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden --- Structureel beleid. Reglementering. Dereglementering. Ordnungspolitik --- Structuur van de economie --- Fiscaal regime: structuur en evolutie. Fiscale hervorming --- Overheidsbemoeiing op economisch gebied --- Weerslag van de rijksschuld --- Theorieën en algemeenheden over geldrente --- macro-economie --- theories economiques --- economische theorieen

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