Inflation Targeting is Neither Necessary Nor Sufficient

John Tatom

MPRA Paper from University Library of Munich, Germany

Abstract: Proponents of inflation targeting suggest that countries using this tool understand better, their responsibility for price stability and are able to better communicate their superior policy target. Thus, they also should achieve lower inflation. Fed Chair Ben Bernanke is a strong proponent of inflation targeting, conducting monetary policy to achieve an announced target. This article discusses whether inflation targeting is necessary.

Keywords: Inflation targeting; monetary policy (search for similar items in EconPapers)
JEL-codes: E52 E58 (search for similar items in EconPapers)
Date: 2006-05-31
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Published in Research Buzz 5.2(2006): pp. 1-2

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:17828

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