Inflation targeting has been adopted by many central banks, but not by the U.S. Federal Reserve. Using an estimated New …

discussed how quickly a central bank should reduce inflation to its desired level following an inflationary episode. He argued … that a central bank is unlikely to wish to move immediately to price stability, since there are costs to disinflation and … agents have to learn about the central bank's commitment to price stability, also mean that a central bank may wish to react …

countries, central banks have a single long-run goal defined in terms of an inflation target. Yet while central banks have … narrowly defined long-run goals, most monitor a wide range of economic indicators.> Why do central banks collect and analyze so …

A traditional function of the central bank is to control the price level. The fiscal theory of the price level …

Central banks around the world potentially face a skeptical public when they announce a commitment to controlling … inflation. Some economists have argued that, to enhance credibility, central banks should adopt monetary growth rules or other …

After two decades of successfully restoring price stability in much of the world economy, central banks begin the next … does not reappear as a serious policy problem? Another important question is whether central banks enjoy greater … distinguished experts from central banks, academic institutions, and financial markets from around the world.> Sellon and Buskas …

of these ideas and issues that will continue to challenge central bankers for years to come. The symposium was held at … distinguished group of central bank officials and academic, policy, and business economists to discuss these important challenges …

Over the past twenty years the world's major central banks have been largely successful at bringing inflation under … the next battles facing central bankers will lie on a different front. One development that has already concentrated the …