Proponents of inflation targeting suggest that countries using this tool understand better, their responsibility for … 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. …

Changes in the general level of prices and inflation have profound effects on asset prices. There are several reasons … for these effects and the influence differs depending on the source of the inflation and whether it is expected or not. To … understand these effects it is important to clarify what is meant by inflation, the pure theory of the sources of inflation, how …

conclusion that “inflation is always and everywhere a monetary phenomenon,” and for the related notion that ultimately the only … thing a central bank, such as the Federal Reserve System, can control is inflation, and not output, employment, interest …

creation out after it succeeds in stemming deflation and before it kick starts the economy into a major inflation problem. …

China, a low income country about the same geographic size as the US and with over four times the population, has had … times larger than it was 26 years earlier! China’s population is expected to continue to slow, reaching near zero in 30 … about 0.6 percent in recent years. China is likely to become the US’ third largest trading partner, supplying relatively …