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Twenty Years of Inflation Targeting - Lessons Learned and Future Prospects (Paperback)
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Twenty Years of Inflation Targeting - Lessons Learned and Future Prospects (Paperback)
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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.
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