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P248 inflation targeting(2)

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ContentsForewordviiIntroduction 10Lucrezia Reichlin and Richard BaldwinWho killed the <strong>inflation</strong> target? 31Lorenzo Bini SmaghiIs <strong>inflation</strong> <strong>targeting</strong> passé? 37Stefan GerlachMonetary targetry: Might Carney make a difference? 44Charles A.E. Goodhart, Melanie Baker and Jonathan AshworthIs <strong>inflation</strong> <strong>targeting</strong> dead? 51Ben BroadbentCheap talk is no alternative to <strong>inflation</strong> <strong>targeting</strong> 59Adam S. PosenThe evolution of modern central banking: What happensnext? 66Mohamed A El-ErianInflation <strong>targeting</strong>: Fix it, don’tscrap it 74Michael WoodfordNominal-GDP targets, without losing the <strong>inflation</strong> anchor 90Jeffrey Frankel

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