There is now a remarkably strong consensus among academics and professional economists that central banks should adopt explicit inflation targets and that all k

This paper provides an overview of inflation targeting frameworks and macroeconomic performance under inflation targeting. Inflation targeting frameworks are ge

There is now a remarkably strong consensus among academics and professional economists that central banks should adopt explicit inflation targets and that all k

Experience with monetary targeting suggests that although it successfully controlled inflation in Switzerland and especially Germany, the special conditions tha