(GFC) of 2007-2008. It was greatly aided by the adoption of inflation targeting. In this paper we evaluate this convergence …

shows not only that greater independence is associated with lower inflation, but also that the central bank's rights not to … finance the government and to set interest rates independently increase its effectiveness. The role of inflation targeting and … the distinction between price level and inflation targeting are also analyzed …

In much of the world, growth is more stable than it once was. Looking at a sample of twentyfive countries, we find that … financial innovation, adopting an inflation targeting scheme and increased central bank independence have all been associated …

control inflation and influence the economy in the usual ways. The paper discusses models of fiscal limits and their …

collapse of the Bretton Woods system between 1971 and 1973 was rising U.S. inflation since 1965. It was driven in turn by … imports and a ninety day wage price freeze--was that U.S. inflation, driven by macro policies, was the main problem facing the … the rest of the world rather than focusing on issues with U.S. monetary and fiscal policies. In addition, at the urging of …