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Books > Business & Economics > Economics > Macroeconomics > Monetary economics
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Beyond Inflation Targeting - Assessing the Impacts and Policy Alternatives (Hardcover)
Loot Price: R3,904
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Beyond Inflation Targeting - Assessing the Impacts and Policy Alternatives (Hardcover)
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This book, written by an international team of economists, develops
concrete, country specific alternatives to inflation targeting, the
dominant policy framework of central bank policy that focuses on
keeping inflation in the low single digits to the virtual exclusion
of other key goals such as employment creation, poverty reduction
and sustainable development. The book includes thematic chapters,
including analyses of class attitudes toward inflation and
unemployment and the gender impacts of restrictive monetary policy.
Other chapters propose improved monetary frameworks for Argentina,
Brazil, India, Mexico, the Philippines, South Africa, Turkey, and
Vietnam. Policy frameworks that are explored include employment
targeting, and targeting a stable and competitive real exchange
rate. The authors also show that to reach a larger number of
targets, including higher employment and stable inflation, central
banks must use a larger number of instruments, including capital
management techniques. This volume offers concrete, socially
valuable alternatives that economists, policy makers, students and
interested laypeople should consider before adopting one size fits
all, often inadequate, policies that have become a virtual policy
making fad.
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