At a time when the public is increasingly sensitive to changes in the asset markets, due to involvement in stock markets—including through retirement funds, investment in housing, and exposure to commodity prices, this insightful book offers insight to scholars, policymakers, and all...

<DIV><DIV>Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals.  In <I>Asset Prices and Monetary Policy</I>, leading scholars and practitioners probe the...</i></div></div>

<DIV>Our current social security system operates on a pay-as-you-go basis; benefits are paid almost entirely out of current revenues. As the ratio of retirees to taxpayers increases, concern about the high costs of providing benefits in a pay-as-you-go system has led economists to explore other...</div>

<DIV>Over the past fifteen years, a significant number of industrialized and middle-income countries have adopted inflation targeting as a framework for monetary policymaking. As the name suggests, in such inflation-targeting regimes, the central bank is responsible for achieving a publicly announced...</div>

Inflation—no other economic term has an immediate impact on financial analysts and ordinary citizens.The papers in this book asks how inflation can be controlled, looking at the inflation-targeting models of 24 industrialized and middle-income countries. The papers also compare the...

<DIV>Over the past fifteen years, a significant number of industrialized and middle-income countries have adopted inflation targeting as a framework for monetary policymaking. As the name suggests, in such inflation-targeting regimes, the central bank is responsible for achieving a publicly announced...</div>