Inflation Targeting: Lessons from the International Experience

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Inflation Targeting: Lessons from the International Experience
by Ben S. Bernanke, Thomas Laubach, Frederic S. Mishkin, Adam S. Posen
from Princeton University Press

Customer Reviews:

• Avg. Customer Rating: 4.0 / 5.0

• Excellent book
  Inflation Targeting is a kind of monetary policy first exercised in New Zealand, in practice, and afterwards brought to the academy research. This book analyses the way that this and many other countries dealed with the new approach of conducting monetary policy towards inflation control, bringing a full and comprehensive description of the behaving of their economies as well as their main macroeconomic variables, before, during and after the targets have been set. It is extremely well written, making its... more info

• fair
  This book is designed essentially all audiences, i.e., it could an easy read for undergraduate economic students. The book, while somewhat repetitive, is a good 'read' especially as one of the authors is now the Chairman of the Federal Reserve who advocates inflation targeting.
  The prior reviewer was unhappy that developing countries' central bank experiences were not included in the book. I am afraid that would have made for an unweildy book given that the focus is on credible inflation targeting... more info

• Yawn
  I have never been a fan of condensed books for the obvious reason that they leave out content and motivation. This book, however, could be shrunk by 3/4 without any real loss. Yes, there is much in-depth case study information here, but the paper could have been much better used by substituting much of it for some harder, theoretical motivation and analytical discussions. The authors are capable of this. Also, despite the painstaking redundent detail and a few regressions, for me the authors fail to place... more info

• Heavy on the case studies and mildly repetitive.
  An easy to read book for people of all levels. It takes the reader through case studies on the various countries which have introduced inflation targeting. This is interesting from a historical perspective, but since inflation targeting really is a very simple concept (announce an inflation target, describe why you aim to hit this target, make it clear how you shall go about achieving this target and at all times be transparent in your pursuit of that target) the book tends to be repetitive. This book... more info

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