number of developing countries now have domestic inflation targets administered by independent and transparent central banks … monetary policy in these countries does not have any obvious international cost. Inflation targeters have lower exchange rate … volatility and less frequent "sudden stops" of capital flows than similar countries that do not target inflation. Inflation …

Chapter 1 Effects of Unconventional Monetary Policy and Inflation Target -- Chapter 2 Central Bank Independence under …This book provides an interesting review of Japanese monetary policies after the bubble economy. The Bank of Japan was … theoretical background for the unconventional monetary policies and inflation targeting. Chapter 2 intensively explores the …

An Independent Central Bank is often associated with being able to achieve low inflation and greater output stability …