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Is inflation targeting dead? Thinking ahead about central banking after the crisis

14 Apr 2013

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.

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Challenges to inflation targeting after the Crisis

Lucrezia Reichlin

Citation

Reichlin, L (eds), Is inflation targeting dead? Thinking ahead about central banking after the crisis, CEPR Press, London. https://cepr.org/chapters/challenges-inflation-targeting-after-crisis

Central banking after the Crisis: Challenges for the ECB

Will central banking change?

Charles Wyplosz

Citation

Wyplosz, C (eds), Is inflation targeting dead? Thinking ahead about central banking after the crisis, CEPR Press, London. https://cepr.org/chapters/will-central-banking-change

Flexible inflation targeting: Performance and challenges

Citation

Banerjee, R, S Cecchetti and B Hofmann (eds), Is inflation targeting dead? Thinking ahead about central banking after the crisis, CEPR Press, London. https://cepr.org/chapters/flexible-inflation-targeting-performance-and-challenges

A broader mandate: Why inflation targeting is inadequate

Karl Whelan

Citation

Whelan, K (eds), Is inflation targeting dead? Thinking ahead about central banking after the crisis, CEPR Press, London. https://cepr.org/chapters/broader-mandate-why-inflation-targeting-inadequate

Reviving ‘money and banking’

Citation

Brunnermeier, M and Y Sannikov (eds), Is inflation targeting dead? Thinking ahead about central banking after the crisis, CEPR Press, London. https://cepr.org/chapters/reviving-money-and-banking

Nominal-GDP targets, without losing the inflation anchor

Jeffrey Frankel

Citation

Frankel, J (eds), Is inflation targeting dead? Thinking ahead about central banking after the crisis, CEPR Press, London. https://cepr.org/chapters/nominal-gdp-targets-without-losing-inflation-anchor

Inflation targeting: Fix it, don’t scrap it

Michael Woodford

Citation

Woodford, M (eds), Is inflation targeting dead? Thinking ahead about central banking after the crisis, CEPR Press, London. https://cepr.org/chapters/inflation-targeting-fix-it-dont-scrap-it

The evolution of modern central banking: What happens next?

Mohamed El-Erian

Citation

El-Erian, M (eds), Is inflation targeting dead? Thinking ahead about central banking after the crisis, CEPR Press, London. https://cepr.org/chapters/evolution-modern-central-banking-what-happens-next

Cheap talk is no alternative to inflation targeting

Adam S Posen

Citation

Posen, A (eds), Is inflation targeting dead? Thinking ahead about central banking after the crisis, CEPR Press, London. https://cepr.org/chapters/cheap-talk-no-alternative-inflation-targeting

Is inflation targeting dead?

Ben Broadbent

Citation

Broadbent, B (eds), Is inflation targeting dead? Thinking ahead about central banking after the crisis, CEPR Press, London. https://cepr.org/chapters/inflation-targeting-dead

Monetary targetry: Might Carney make a difference?

Citation

Ashworth, J, M Baker and C Goodhart (eds), Is inflation targeting dead? Thinking ahead about central banking after the crisis, CEPR Press, London. https://cepr.org/chapters/monetary-targetry-might-carney-make-difference

Is inflation targeting passé?

Stefan Gerlach

Citation

Gerlach, S (eds), Is inflation targeting dead? Thinking ahead about central banking after the crisis, CEPR Press, London. https://cepr.org/chapters/inflation-targeting-passe

Who killed the inflation target?

lorenzo Bini Smaghi

Citation

Bini Smaghi, l (eds), Is inflation targeting dead? Thinking ahead about central banking after the crisis, CEPR Press, London. https://cepr.org/chapters/who-killed-inflation-target