Beginning with an assessment of new thinking in macroeconomics and monetary theory, this book suggests that many … countries have adopted the New Consensus Monetary Policy since the early 1990s in an attempt to reduce inflation to low levels … the central bank. The objective of these rules is to achieve specific, or a range of, inflation targets …

Monetarism is dead! Central bankers are all Wicksellians now! They target low inflation rates, with no regard to …

; credibility and transparency; the inflation forecast and the loss function; monetary policy experiences in the US and the UK; the …1. No money, no inflation : the role of money in the economy -- 2. Central bank independence -- 3. The use and meaning … of words in central banking : inflation, targeting, credibility and transparency -- 4. The inflation forecast and the …

this relationship, and a formalisation of the theory of monetary reform. It goes on to offer an empirical assessment of the … theory, using cross-section methods and case studies, before finally presenting economic policy options for countries facing …

great inflation of the late 1960s and 1970s. It is the first detailed analysis, using Federal Reserve documents, of the … policy that led to this inflation. Thomas Mayer considers forecasting errors and wage and price controls in his attempt to … explain why the inflation occurred and places some of the blame on ineffective operating procedures, institutional …

The preparation for European Monetary Union and the significant drop in inflation characterize the 1990s for European … monetary policymakers. In the near future, the European Central Bank will be given the responsibility to fight inflation in the … European Central Bank in choosing an appropriate monetary strategy for achieving price stability. The dynamics of inflation and …

triggered instability including pandemics and how they have led to a crisis for inflation. Adapting both Minsky's analysis and … targeting inflation as a way of stabilising financial markets. With a particular focus on financial regulations and supervision …