Johnson, David R. (contributor) - 1999 - Rev. Mar 7/05
of targets on expected inflation on introduction, a result obtained in previous
studies. A much longer period after the … studies of the impact of inflation targets on expected inflation
Inflation targets are adopted to improve the operation of … monetary policy. Bernanke et
al. (1999) present thorough case studies of inflation targets in our five countries. 2 The …