Inflation Targeting: International Experiences - World Finance and Management Classics Translation Library

Author: Bernanke
Publisher:
Publish Date: 2006-06-01
Features: How can governments and central banks formulate monetary policy to promote the prosperity and development of their economies? In recent years, a new approach to monetary policy has been proposed in academic circles: publicly announcing and adhering to a clear inflation target for the long term. This book, written by Bernanke and others based on the experiences of some countries that have implemented inflation targeting since the 1990s, is an in-depth and systematic study of inflation targeting. It examines major macroeconomic issues faced by nine countries—Germany, Sweden, New Zealand, Canada, the United Kingdom, Switzerland, Israel, Spain, and Australia—during their implementation of inflation targeting through case studies, and systematically summarizes the experiences of monetary policy decision-making and implementation. This book provides experts and scholars engaged in macroeconomic, monetary policy, and financial market research with a broader international perspective and holds significant reference value.