From Monetary Targeting to Inflation Targeting

Released on by Frederic S. Mishkin
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  • From Monetary Targeting to Inflation Targeting Book Detail

  • Author : Frederic S. Mishkin
  • Release Date : 2001
  • Publisher : World Bank Publications
  • Genre : Anti-inflationary policies
  • Pages : 42
  • ISBN 13 :
  • File Size : 24,24 MB
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From Monetary Targeting to Inflation Targeting by Frederic S. Mishkin PDF Summary

Book Description: Experience with monetary targeting suggests that although it successfully controlled inflation in Switzerland and especially Germany, the special conditions that made it work reasonably well in those two countries are unlikely to be satisfied elsewhere. Inflation targeting is more likely to improve economic performance in countries that choose to have an independent domestic monetary policy, but there are subtleties in how inflation targeting is done. Lessons from industrial countries should be useful to central banks designing a framework for monetary policy.

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This book by a leading authority on monetary policy offers a unique view of the subject from the perspectives of both scholar and practitioner. Frederic Mishkin