particular the turn to inflation targeting. Monetary Policy Strategy describes his work over the last ten years, offering …; central bank accountability; the rationale for inflation targeting; the optimal inflation target; central bank transparency …

particular the turn to inflation targeting. Monetary Policy Strategy describes his work over the last ten years, offering …; central bank accountability; the rationale for inflation targeting; the optimal inflation target; central bank transparency …

consider theoretical arguments and empirical evidence for each topic discussed. Topics covered include Japan's low inflation … execution of monetary and financial policies in Japan within a broad technical, political, and institutional context. Their … central banking; Japan's "bubble economy" of the 1980s; and the causes, magnitude, and regulatory responses to Japan's banking …

deliberations and on the relevance of the time inconsistency problem for the rise of inflation in the 1970s. …

unemployment written with six other economists. Part III contains essays on a variety of topics, among them inflation, financial …

effects of policy on inflation, and of the feedback from inflationary expectations to policy choices. Cukierman uncovers and … analyzes the reasons for positive inflation and rates of monetary expansion. He shows that the money supply, and therefore … inflation, are not exogenous. They are influenced by interactions involving distributional considerations, private information …

between inflation and unemployment; subsequently, the "Phillips curve" became a central concept in macroeconomic analysis and … of price setting behavior, the determinants of inflation, and the role of monetary policy have evolved significantly … about price and wage setting and inflation expectations that would improve the way we use and formulate the Phillips curve …

of such frictions for the suitable properties of a medium of exchange, monetary policy, the cost of inflation, the … inflation-output trade-off, the coexistence of money, credit, and higher return assets, settlement, and liquidity. After … study monetary policy, the Friedman rule in particular, and the relationship between inflation and output under different …