; 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 …

Economy, 22 (1), March, 1-21 -- Alex Cukierman and Allan H. Meltzer (1986), 'A Theory of Ambiguity, Credibility, and Inflation … E.O. Svensson (1997), 'Optimal Inflation Targets, "Conservative" Central Banks, and Linear Inflation Contracts … Briault, Andrew Haldane and Mervyn King (1996), 'Central Bank Independence and Accountability: Theory and Evidence', Bank of …

inflation targeting, the dominant policy framework of central bank policy that focuses on keeping inflation in the low single …1. Beyond inflation targeting : assessing the impacts and policy alternatives / Gerald Epstein and A. Erinc Yeldan -- 2 … and Lance Taylor -- 3. Inflation targeting and the real exchange rate in a small economy : a structuralist approach …

those with a particular interest in monetary theory and policy. Economic analysts, commercial banks, financial institutions …

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 …

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 …

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

operate at the level of full employment without provoking unmanageable inflation. They also contend that budget deficits do …pt. I. Introduction -- pt. II. Functional finance : the background -- pt. III. Assessing the inflation barrier -- pt …

Axel Leijonhufvud has made a unique contribution to the development of macroeconomic theory. This volume draws together … his insightful essays dealing with the extremes of economic instability: great depressions, high inflation and the …pt. 1. Keynesianism, monetarism and rational expectations -- pt. 2. Monetary regimes and inflation -- pt. 3. Markets …