Beyond Inflation Targeting: Assessing the Impacts and Policy Alternatives
Edward Elgar Publishing | 2010 | ISBN: 1847209386, 184844804X | 318 pages | PDF | 3,5 MB
Edward Elgar Publishing | 2010 | ISBN: 1847209386, 184844804X | 318 pages | PDF | 3,5 MB
`Inflation targeting (IT) has become the sacred cow of central banking. But its suitability to developing nations remains contested. The contributors to this volume perform the valuable service of sketching out plausible, more development-friendly alternatives. They are to be commended in particular for avoiding a one-size-fits-all approach and paying close attention to the needs of specific countries. Their proposals range from relatively minor tinkering in IT to comprehensive overhaul. A common theme is the central role of the real exchange rate, which the central banks ignore at their economies' peril.'
- Dani Rodrik, Harvard University, US
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