Inflation Targeting
Clear, balanced, and authoritative, Inflation Targeting is a groundbreaking study that will have a major impact on the debate over the right monetary strategy for the coming decades. Combining penetrating theoretical analysis with detailed empirical studies of countries where inflation targeting has been adopted, this book shows that the strategy has clear advantages over traditional policies. As a unique comparative study of what central banks actually do in different countries around the world, Inflation Targeting will also be invaluable to anyone interested in how economic policy is made.
"A groundbreaking study that will be likely to have a major impact on the debate over the right monetary strategy for the coming years. As many countries currently think of adopting inflation targeting in one form or another, the arrival of this book could not be more timely."
— Weltwirtschaftliches Archiv, Review of World Economics
"Bernanke et al. provide a coherent and well-structured analysis of IT that will be essential reading for central bankers and academics interested in simply understanding IT, or contemplating an IT regime themselves. The volume is rich in detail about the individual experiences of the various inflation targeting countries."
— Journal of Economics
"This readable and well-structured examination of a relatively new approach to guiding monetary policy is a useful addition to contemporary policy analysis."
— Choice
"The most accessible study of this important new monetary regime―accessible to a wide range of readers well beyond the ranks of professional economists. [Inflation Targeting] should, and is intended to, appeal to historians, political scientists, international-relations students, politicians, central bankers, journalists, as well as to economists and to undergraduates at any level of sophistication."
— C.A.E. Goodhart, London School of Economics and external member of the United Kingdom's Monetary Policy Committee