Is inflation targeting dead? Thinking ahead about central banking after the crisis
Inflation targeting did not prevent financial instability before the Crisis nor did it provide sufficient stimulus after the Crisis. In this eBook, 14 world-renowned scholars, practitioners and market participants analyse inflation targeting and its future. They argue that inflation targeting should be refined not replaced. Indeed, it is needed now more than ever to keep expectations anchored while the advanced economies work their way through today’s slow growth, rickety banks, and over-indebted public sectors.