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Twenty years of inflation targeting : = lessons learned and future prospects /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Twenty years of inflation targeting :/ edited by David Cobham [and others].
Reminder of title:	lessons learned and future prospects /
other author:	Cobham, David P.,
Description:	1 online resource (xv, 451 pages) :digital, PDF file(s). :
Notes:	Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Subject:	Banks and banking, Central - New Zealand. -
Online resource:	https://doi.org/10.1017/CBO9780511779770
ISBN:	9780511779770 (ebook)

Twenty years of inflation targeting : = lessons learned and future prospects /
Twenty years of inflation targeting :lessons learned and future prospects /edited by David Cobham [and others]. - 1 online resource (xv, 451 pages) :digital, PDF file(s).

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Introduction / David Cobham, Øyvind Eitrheim, Stefan Gerlach and Jan Qvigstad -- Welcome remarks: a Norwegian perspective / Jan F. Qvigstad -- Reflections on inflation targeting / Athanasios Orphanides -- Inflation targeting at 20: achievements and challenges / Scott Roger -- Inflation targeting twenty years on: where, when, why, with what effects, what lies ahead? Klaus Schmidt-Hebbel -- How did we get to inflation targeting and where do we need to go to now? A perspective from the US experience / Daniel L. Thornton -- Inflation control around the world: why are some countries more successful than others? / Thórarinn G. Pétursson -- Targeting inflation in Asia and the Pacific: lessons from the recent past / Andrew Filardo and Hans Genberg -- Inflation targeting and asset prices / Christopher Allsopp -- The optimal monetary policy instrument, inflation versus asset price targeting, and financial stability / Charles Goodhart, Carolina Osorio and Dimitrios Tsomocos -- Expectations, deflation traps and macroeconomic policy / George Evans and Seppo Honkapohja -- Heterogeneous expectations, learning and European inflation dynamics / Anke Weber -- Inflation targeting and private sector forecasts / Stephen Cecchetti and Craig Hakkio -- Inflation targeting, transparency and inflation forecasts: evidence from individual forecasters / Christopher Crowe -- Gauging the effectiveness of quantitative forward guidance: evidence from three inflation targeters / Magnus Andersson and Boris Hofmann -- Macro modelling with many models / Ida Wolden Bache, James Mitchell, Francesco Ravazzolo and Shaun P. Vahey -- Have crisis monetary policy initiatives jeopardised central bank independence? / Charles Goodhart -- Inflation targeting: learning the lessons from the financial crisis / Spencer Dale -- The financial crisis as an opportunity to strengthen inflation targeting frameworks / Hans Genberg -- Leaning against the wind is fine, but will often not be enough / Lars Heikensten -- Inflation targeting, capital requirements and 'leaning against the wind': some comments / Sushil Wadhwani.

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.

ISBN: 9780511779770 (ebook)Subjects--Topical Terms:

801037
Banks and banking, Central
--New Zealand.

LC Class. No.: HG1480.5 / .T94 2010

Dewey Class. No.: 339.5/30993

Twenty years of inflation targeting : = lessons learned and future prospects /
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245 0 0 $a Twenty years of inflation targeting : $b lessons learned and future prospects / $c edited by David Cobham [and others].
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300 $a 1 online resource (xv, 451 pages) : $b digital, PDF file(s).
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500 $a Title from publisher's bibliographic system (viewed on 05 Oct 2015).
505 0 $a Introduction / David Cobham, Øyvind Eitrheim, Stefan Gerlach and Jan Qvigstad -- Welcome remarks: a Norwegian perspective / Jan F. Qvigstad -- Reflections on inflation targeting / Athanasios Orphanides -- Inflation targeting at 20: achievements and challenges / Scott Roger -- Inflation targeting twenty years on: where, when, why, with what effects, what lies ahead? Klaus Schmidt-Hebbel -- How did we get to inflation targeting and where do we need to go to now? A perspective from the US experience / Daniel L. Thornton -- Inflation control around the world: why are some countries more successful than others? / Thórarinn G. Pétursson -- Targeting inflation in Asia and the Pacific: lessons from the recent past / Andrew Filardo and Hans Genberg -- Inflation targeting and asset prices / Christopher Allsopp -- The optimal monetary policy instrument, inflation versus asset price targeting, and financial stability / Charles Goodhart, Carolina Osorio and Dimitrios Tsomocos -- Expectations, deflation traps and macroeconomic policy / George Evans and Seppo Honkapohja -- Heterogeneous expectations, learning and European inflation dynamics / Anke Weber -- Inflation targeting and private sector forecasts / Stephen Cecchetti and Craig Hakkio -- Inflation targeting, transparency and inflation forecasts: evidence from individual forecasters / Christopher Crowe -- Gauging the effectiveness of quantitative forward guidance: evidence from three inflation targeters / Magnus Andersson and Boris Hofmann -- Macro modelling with many models / Ida Wolden Bache, James Mitchell, Francesco Ravazzolo and Shaun P. Vahey -- Have crisis monetary policy initiatives jeopardised central bank independence? / Charles Goodhart -- Inflation targeting: learning the lessons from the financial crisis / Spencer Dale -- The financial crisis as an opportunity to strengthen inflation targeting frameworks / Hans Genberg -- Leaning against the wind is fine, but will often not be enough / Lars Heikensten -- Inflation targeting, capital requirements and 'leaning against the wind': some comments / Sushil Wadhwani.
520 $a 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.
650 0 $a Banks and banking, Central $z New Zealand. $3 801037
650 0 $a Inflation targeting $z New Zealand. $3 801038
700 1 $a Cobham, David P., $e editor. $3 1439005
776 0 8 $i Print version: $z 9780521768184
856 4 0 $u https://doi.org/10.1017/CBO9780511779770