Inflation Targeting is Neither Necessary Nor Sufficient

Proponents of inflation targeting suggest that countries using this tool understand better, their responsibility for price stability and are able to better communicate their superior policy target. Thus, they also should achieve lower inflation. Fed Chair Ben Bernanke is a strong proponent of inflation targeting, conducting monetary policy to achieve an announced target. This article discusses whether inflation targeting is necessary.

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Year of publication:	2006-05-31
Authors:	Tatom, John
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Inflation targeting \| monetary policy

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Notes:	Published in Research Buzz 5.2(2006): pp. 1-2
Classification:	E58 - Central Banks and Their Policies ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008531709