Is inflation targeting dead? Central Banking After the Crisis - Vox

More documents

Recommendations

Info

Is inflation targeting dead? Central Banking After the Crisisthat they cannot disregard financial stability. The latter calls for instruments such asindependent micro-financial supervision and adequate resolution procedures, as well asmacro-financial supervision. The role of central banks in these areas remains to be fullythought through and experimented with.ReferencesDe Carvalho Filho, Irineu Evangelista (2011), “28 Months Later: How InflationTargeters Outperformed Their Peers in the Great Recession”, The B.E. Journal ofMacroeconomics 11(1), article 22.Frankel, Jeffrey (2012), “The Death of Inflation Targeting”, Project Syndicate, 16 May.Goodhart, Charles and Boris Hofmann (2008), “House Prices, Money, Credit and theMacroeconomy”, Working Paper No. 888, ECB.Issing, Otmar (2011), “Lessons for Monetary Policy: What Should the Consensus Be?”,Working Paper 11/97, IMF.Svensson, Lars E O (2009), “Evaluating Monetary Policy”, Discussion Paper No.7481, CEPR.Taylor, John (2010), “Getting Back on Track: Macroeconomic Lessons from theFinancial Crisis”, Federal Reserve Bank of Saint Louis Review, May-June, 165-176.Woodford, Michael (2012), “Methods of Policy Accommodation at the Interest-RateLower Bound”, presented at the Jackson Hole Symposium, “The Changing PolicyLandscape,” 31 August – 1 September 2012.124
Will central banking change?About the authorCharles Wyplosz is Professor of International Economics at the Graduate Institute,Geneva, where he is Director of the International Centre for Money and BankingStudies. Previously, he has served as Associate Dean for Research and Developmentat INSEAD and Director of the PhD program in Economics at the Ecole des HautesEtudes en Science Sociales in Paris. He is a CEPR Research Fellow and has served asDirector of the International Macroeconomics Programme at CEPR.125
Page 1:
Is Inflation Targeting Dead?Central
Page 5 and 6:
ContentsForewordviiIntroduction 10L
Page 7 and 8:
ForewordSince the onset of the Glob
Page 9 and 10:
ForewordThe limits of monetary poli
Page 11 and 12:
Introduction• Perpetrator: Inflat
Page 13 and 14:
Introductionboth transparent commun
Page 15 and 16:
Introduction• Financial crises of
Page 17 and 18:
IntroductionThis posed a novel prob
Page 19 and 20:
Introductionuntil unemployment fell
Page 21 and 22:
Introductionbalance-sheet impairmen
Page 23 and 24:
Introduction• Consideration of su
Page 25 and 26:
Introductionenhance actual growth,
Page 27 and 28:
Introductionrather than interpretin
Page 29 and 30:
IntroductionConcluding remarksInfla
Page 31 and 32:
Who killed the inflation target?Lor
Page 33 and 34:
Who killed the inflation target?How
Page 35 and 36:
Who killed the inflation target?red
Page 37 and 38:
Is inflation targeting passé?Stefa
Page 39 and 40:
Is inflation targeting passé?Raisi
Page 41:
Is inflation targeting passé?In su
Page 44 and 45:
Monetary targetry: Might Carneymake
Page 46 and 47:
Is inflation targeting dead? Centra
Page 48 and 49:
Page 50 and 51:
Page 52 and 53:
Page 54 and 55:
Page 56 and 57:
Page 58 and 59:
Page 60 and 61:
Page 62 and 63:
Page 64 and 65:
Page 66 and 67:
The evolution of modern centralbank
Page 68 and 69:
Page 70 and 71:
Page 72 and 73:
Page 74 and 75: Inflation targeting: Fix it, don’
Page 76 and 77: Is inflation targeting dead? Centra
Page 82: Is inflation targeting dead? Centra
Page 90 and 91: Nominal-GDP targets, without losing
Page 104 and 105: A broader mandate: Why inflationtar
Page 120 and 121: Will central banking change?Charles
Page 126 and 127: Central banking after the Crisis:Ch
Page 132: Is inflation targeting dead? Centra
Page 135 and 136: Challenges to inflation targeting a
Page 137 and 138: Challenges to inflation targeting a
Page 139: Challenges to inflation targeting a
show all

Is inflation targeting dead? Central Banking After the Crisis - Vox

Create successful ePaper yourself

Delete template?

Save as template?