This book investigates the importance of institutional arrangements for policy outcomes. In particular, the book answers the question whether there are signific

This is the fourth chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation- Targeting Regimes: Saying What You Do and Doing What You

Since the financial crisis of 2008/09, the world’s major central banks have been struggling to return their economies to higher growth and to reach their infl

Over the past fifteen years, a significant number of industrialized and middle-income countries have adopted inflation targeting as a framework for monetary pol

This book by a leading authority on monetary policy offers a unique view of the subject from the perspectives of both scholar and practitioner. Frederic Mishkin