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Inflation Targeting

Inflation Targeting PDF
Author: Ben S. Bernanke
Publisher: Princeton University Press
ISBN: 0691187398
Size: 15.18 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages :
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Inflation Targeting

by Ben S. Bernanke, Inflation Targeting Books available in PDF, EPUB, Mobi Format. Download Inflation Targeting books, How should governments and central banks use monetary policy to create a healthy economy? Traditionally, policymakers have used such strategies as controlling the growth of the money supply or pegging the exchange rate to a stable currency. In recent years a promising new approach has emerged: publicly announcing and pursuing specific targets for the rate of inflation. This book is an in-depth study of inflation targeting. Combining penetrating theoretical analysis with detailed empirical studies of countries where inflation targeting has been adopted, the authors show that the strategy has clear advantages over traditional policies. They argue that the U.S. Federal Reserve and the European Central Bank should adopt this strategy, and they make specific proposals for doing so.




Inflation Targeting Debt And The Brazilian Experience 1999 To 2003

Inflation Targeting  Debt  and the Brazilian Experience  1999 to 2003 PDF
Author: Francesco Giavazzi
Publisher: MIT Press
ISBN: 9780262072595
Size: 71.16 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 303
View: 7405

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Inflation Targeting Debt And The Brazilian Experience 1999 To 2003

by Francesco Giavazzi, Inflation Targeting Debt And The Brazilian Experience 1999 To 2003 Books available in PDF, EPUB, Mobi Format. Download Inflation Targeting Debt And The Brazilian Experience 1999 To 2003 books, How Brazil's monetary and fiscal policies survived a series of severe economic shocks and the policy lessons for other countries. Inflation targeting -- when central bank policies set specific inflation rate objectives -- is widely used by both developed and developing countries around the world (although not by the United States or the European Central Bank). This collection of original essays looks at how Brazil's policy of inflation targeting, coupled with a floating exchange rate, survived a series of severe economic shocks and examines the policy lessons that can be drawn from Brazil's experience. After a successful start in early 1999, Brazil's policy regime had to manage mounting difficulties, including a sudden reversal of capital flows and its effects on the exchange rate and public debt, the contagion of Argentina's severe economic problems, a domestic energy crisis, and the political uncertainty of the 2002 presidential campaign. The contributors, prominent Brazilian and international economists, draw important lessons from Brazil's experience, including the necessity of accompanying monetary policy with fiscal improvement, the trade-offs involved in dollar-linked debt, the importance of fiscal institutions in an emerging market economy, and the importance of keeping inflation under control.




Why Inflation Targeting

Why Inflation Targeting  PDF
Author: Charles Freedman
Publisher: International Monetary Fund
ISBN: 145187233X
Size: 38.13 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 25
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Why Inflation Targeting

by Charles Freedman, Why Inflation Targeting Books available in PDF, EPUB, Mobi Format. Download Why Inflation Targeting books, This is the second chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say." We begin by discussing the costs of inflation, including their role in generating boom-bust cycles. Following a general discussion of the need for a nominal anchor, we describe a specific type of monetary anchor, the inflation-targeting regime, and its two key intellectual roots-the absence of long-run trade-offs and the time-inconsistency problem. We conclude by providing a brief introduction to the way in which inflation targeting works.




The Relative Merits And Implications Of Inflation Targeting For South Africa

The Relative Merits and Implications of Inflation Targeting for South Africa PDF
Author: Mr.Gunnar Jonsson
Publisher: International Monetary Fund
ISBN: 1451853912
Size: 42.44 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 24
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The Relative Merits And Implications Of Inflation Targeting For South Africa

by Mr.Gunnar Jonsson, The Relative Merits And Implications Of Inflation Targeting For South Africa Books available in PDF, EPUB, Mobi Format. Download The Relative Merits And Implications Of Inflation Targeting For South Africa books, This paper describes the main elements of inflation targeting, reviews its pros and cons, and examines the experiences thus far in countries using this framework. It discusses the implications and relative merits of such a framework for South Africa, and concludes that it would be feasible and desirable for South Africa to adopt explicit inflation targeting. Doing so could reduce uncertainties about the Reserve Bank’s objectives and enhance the transparency of monetary policy. However, further experience with the operational aspects of the repurchase system and a refinement of the inflation forecasting framework may be needed before inflation targeting is implemented.




Inflation Targeting

Inflation Targeting PDF
Author: Lars E. O. Svensson
Publisher:
ISBN:
Size: 23.44 MB
Format: PDF, Mobi
Category : Anti-inflationary policies
Languages : en
Pages : 11
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Inflation Targeting

by Lars E. O. Svensson, Inflation Targeting Books available in PDF, EPUB, Mobi Format. Download Inflation Targeting books, The paper discusses how current inflation targeting should be modeled, and argues that it is better represented as a commitment to a targeting rule (a rule specifying operational objectives for monetary policy or a condition for the target variables), than as a commitment to a simple instrument rule (like a Taylor rule)




Das Inflation Targeting

Das Inflation Targeting PDF
Author: Sebastian Boerner
Publisher: Kölner Wissenschaftsverlag
ISBN: 3937404767
Size: 57.59 MB
Format: PDF, ePub, Mobi
Category :
Languages : de
Pages : 263
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Das Inflation Targeting

by Sebastian Boerner, Das Inflation Targeting Books available in PDF, EPUB, Mobi Format. Download Das Inflation Targeting books,




The Scope For Inflation Targeting In Developing Countries

The Scope for Inflation Targeting in Developing Countries PDF
Author: Mr.Paul R. Masson
Publisher: International Monetary Fund
ISBN: 145185515X
Size: 62.45 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 53
View: 528

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The Scope For Inflation Targeting In Developing Countries

by Mr.Paul R. Masson, The Scope For Inflation Targeting In Developing Countries Books available in PDF, EPUB, Mobi Format. Download The Scope For Inflation Targeting In Developing Countries books, Inflation targeting (IT) serves as monetary policy framework in several advanced economies, where it has enhanced policy transparency and accountability. The paper considers its wider applicability to developing countries. The prerequisites for a successful IT framework are identified as an ability to carry out an independent monetary policy (free of fiscal dominance or commitment to another nominal anchor, like the exchange rate) and a quantitative framework linking policy instruments to inflation. These prerequisites are largely absent among developing countries, though several of them could with some further institutional changes and an overriding commitment to low inflation make use of an IT framework.




Inflation Targeting

Inflation Targeting PDF
Author: Edwin Dewan
Publisher:
ISBN:
Size: 43.52 MB
Format: PDF, Mobi
Category : Anti-inflationary policies
Languages : en
Pages : 38
View: 5165

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Inflation Targeting

by Edwin Dewan, Inflation Targeting Books available in PDF, EPUB, Mobi Format. Download Inflation Targeting books, Examines the performance of the pioneer inflation targeting countries: New Zealand, Australia, Canada, United Kingdom and Israel.




Inflation Targeting

Inflation Targeting PDF
Author:
Publisher:
ISBN:
Size: 26.68 MB
Format: PDF, Kindle
Category : Anti-inflationary policies
Languages : en
Pages : 345
View: 4273

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Inflation Targeting

by , Inflation Targeting Books available in PDF, EPUB, Mobi Format. Download Inflation Targeting books,




Remembering Inflation

Remembering Inflation PDF
Author: Brigitte Granville
Publisher: Princeton University Press
ISBN: 0691145407
Size: 24.33 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 296
View: 156

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Remembering Inflation

by Brigitte Granville, Remembering Inflation Books available in PDF, EPUB, Mobi Format. Download Remembering Inflation books, Today's global economy, with most developed nations experiencing very low inflation, seems a world apart from the "Great Inflation" that spanned the late 1960s to early 1980s. 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-1980s 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.