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Inflation Targeting: Lessons from the International Experience by Thomas Laubach, Frederic S. Mishkin, Ben S. Bernanke, Adam S. Posen (Paperback, 2001)

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ISBN-13: 9780691086897, 978-0691086897. This strategy also increases policymakers' accountability for inflation performance and can accommodate flexible, even "discretionary," monetary policy actions without sacrificing central banks' credibility.

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Features a study of inflation targeting. This book shows that this strategy has advantages over traditional policies. It argues that the US Federal Reserve and the European Central Bank should adopt this strategy. It offers a study of what central banks do in different countries. It is intended for those interested in how economic policy is made.