Twenty Years of Inflation Targeting : Lessons Learned and Future Prospects (Paperback)

List of figures; List of tables; 1. Introduction David Cobham, Øyvind Eitrheim, Stefan Gerlach and Jan Qvigstad; 2. Welcome remarks: a Norwegian perspective Jan F. Qvigstad; 3. Reflections on inflation targeting Athanasios Orphanides; 4. Inflation targeting at 20: achievements and challenges Scott Roger; 5. Inflation targeting twenty years on: where, when, why, with what effects, what lies ahead? Klaus Schmidt-Hebbel; 6. How did we get to inflation targeting and where do we need to go to now? A perspective from the US experience Daniel L. Thornton; 7. Inflation control around the world: why are some countries more successful than others? Thorarinn G. Petursson; 8. Targeting inflation in Asia and the Pacific: lessons from the recent past Andrew Filardo and Hans Genberg; 9. Inflation targeting and asset prices Christopher Allsopp; 10. The optimal monetary policy instrument, inflation versus asset price targeting, and financial stability Charles Goodhart, Carolina Osorio and Dimitrios Tsomocos; 11. Expectations, deflation traps and macroeconomic policy George Evans and Seppo Honkapohja; 12. Heterogeneous expectations, learning and European inflation dynamics Anke Weber; 13. Inflation targeting and private sector forecasts Stephen Cecchetti and Craig Hakkio; 14. Inflation targeting, transparency and inflation forecasts: evidence from individual forecasters Christopher Crowe; 15. Gauging the effectiveness of quantitative forward guidance: evidence from three inflation targeters Magnus Andersson and Boris Hofmann; 16. Macro modelling with many models Ida Wolden Bache, James Mitchell, Francesco Ravazzolo and Shaun P. Vahey; 17. Have crisis monetary policy initiatives jeopardised central bank independence? Charles Goodhart; 18. Inflation targeting: learning the lessons from the financial crisis Spencer Dale; 19. The financial crisis as an opportunity to strengthen inflation targeting frameworks Hans Genberg; 20. Leaning against the wind is fine, but will often not be enough Lars Heikensten; 21. Inflation targeting, capital requirements and 'leaning against the wind': some comments Sushil Wadhwani; Index.