{"product_id":"twenty-years-of-inflation-targeting-lessons-learned-and-future-prospects-paperback-9781107696891","title":"Twenty Years of Inflation Targeting; Lessons Learned and Future Prospects (Paperback \/ softback) 9781107696891","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eTwenty Years of Inflation Targeting\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eLessons Learned and Future Prospects\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eA thorough examination of the past twenty years of inflation targeting by a distinguishing team of academics and professional economists.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eDavid Cobham (Edited by), Øyvind Eitrheim (Edited by), Stefan Gerlach (Edited by), Jan F. Qvigstad (Edited by)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781107696891, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 20 February 2014\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e468 pages, 67 b\/w illus.  75 tables\u003cbr\u003e22.9 x 15.2 x 2.4 cm, 0.62 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'A valuable collection of thoughtful and up-to-date views on all aspects of inflation targeting from an impressive group of experts.' David Miles, Monetary Policy Committee, Bank of England\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThere 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.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eList of figures\u003cbr\u003e List of tables\u003cbr\u003e 1. Introduction David Cobham, Øyvind Eitrheim, Stefan Gerlach and Jan Qvigstad\u003cbr\u003e 2. Welcome remarks: a Norwegian perspective Jan F. Qvigstad\u003cbr\u003e 3. Reflections on inflation targeting Athanasios Orphanides\u003cbr\u003e 4. Inflation targeting at 20: achievements and challenges Scott Roger\u003cbr\u003e 5. Inflation targeting twenty years on: where, when, why, with what effects, what lies ahead? Klaus Schmidt-Hebbel\u003cbr\u003e 6. How did we get to inflation targeting and where do we need to go to now? A perspective from the US experience Daniel L. Thornton\u003cbr\u003e 7. Inflation control around the world: why are some countries more successful than others? Thórarinn G. Pétursson\u003cbr\u003e 8. Targeting inflation in Asia and the Pacific: lessons from the recent past Andrew Filardo and Hans Genberg\u003cbr\u003e 9. Inflation targeting and asset prices Christopher Allsopp\u003cbr\u003e 10. The optimal monetary policy instrument, inflation versus asset price targeting, and financial stability Charles Goodhart, Carolina Osorio and Dimitrios Tsomocos\u003cbr\u003e 11. Expectations, deflation traps and macroeconomic policy George Evans and Seppo Honkapohja\u003cbr\u003e 12. Heterogeneous expectations, learning and European inflation dynamics Anke Weber\u003cbr\u003e 13. Inflation targeting and private sector forecasts Stephen Cecchetti and Craig Hakkio\u003cbr\u003e 14. Inflation targeting, transparency and inflation forecasts: evidence from individual forecasters Christopher Crowe\u003cbr\u003e 15. Gauging the effectiveness of quantitative forward guidance: evidence from three inflation targeters Magnus Andersson and Boris Hofmann\u003cbr\u003e 16. Macro modelling with many models Ida Wolden Bache, James Mitchell, Francesco Ravazzolo and Shaun P. Vahey\u003cbr\u003e 17. Have crisis monetary policy initiatives jeopardised central bank independence? Charles Goodhart\u003cbr\u003e 18. Inflation targeting: learning the lessons from the financial crisis Spencer Dale\u003cbr\u003e 19. The financial crisis as an opportunity to strengthen inflation targeting frameworks Hans Genberg\u003cbr\u003e 20. Leaning against the wind is fine, but will often not be enough Lars Heikensten\u003cbr\u003e 21. Inflation targeting, capital requirements and 'leaning against the wind': some comments Sushil Wadhwani\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Monetary economics [\u003ca title=\"See our other books on Monetary economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Monetary%20economics%20%5BKCBM%5D%22\"\u003eKCBM\u003c\/a\u003e], Macroeconomics [\u003ca title=\"See our other books on Macroeconomics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Macroeconomics%20%5BKCB%5D%22\"\u003eKCB\u003c\/a\u003e], Economics [\u003ca title=\"See our other books on Economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economics%20%5BKC%5D%22\"\u003eKC\u003c\/a\u003e], Economics, finance, business \u0026amp; management [\u003ca title=\"See our other books on Economics, finance, business \u0026amp; management\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economics,%20finance,%20business%20\u0026amp;%20management%20%5BK%5D%22\"\u003eK\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46005332967704,"sku":"9781107696891","price":37.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9781107696891i.jpg?v=1694866035","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/twenty-years-of-inflation-targeting-lessons-learned-and-future-prospects-paperback-9781107696891","provider":"Freshly Printed Books","version":"1.0","type":"link"}