Beyond Inflation Targeting: Assessing the Impacts and Policy AlternativesThis book, written by an international team of economists, develops concrete, country specific alternatives to inflation targeting, the dominant policy framework of central bank policy that focuses on keeping inflation in the low single digits to the virtual exclusion of other key goals such as employment creation, poverty reduction and sustainable development. |
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Contents
| 3 | |
economic development in a garden of forking paths | 28 |
a structuralist approach | 44 |
class relations and gender impacts of inflation targeting | 69 |
4 Income class and preferences towards antiinflation and antiunemployment policies | 71 |
assessing its impacts on employment | 93 |
a crosscountry nonlinear analysis | 116 |
critiques and countryspecific alternatives | 137 |
8 Alternatives to inflation targeting in Mexico | 158 |
9 Five years of competitive and stable real exchange rate in Argentina 200207 | 179 |
10 A general equilibrium assessment of twintargeting in Turkey | 203 |
a policy proposal for South Africa | 227 |
12 Inflation targeting and the design of monetary policy in India | 248 |
13 Towards an alternative monetary policy in the Philippines | 271 |
alternatives to inflation targeting | 299 |
| 315 | |
Other editions - View all
Beyond Inflation Targeting: Assessing the Impacts and Policy Alternatives Gerald A. Epstein No preview available - 2009 |
Beyond Inflation Targeting: Assessing the Impacts and Policy Alternatives Gerald A. Epstein No preview available - 2010 |
Common terms and phrases
adjustment aggregate assets average Banco de México bank’s Brazil Brazilian capital controls capital inflows CBRT central bank coefficient contractionary current account deficit debt demand depreciation devaluation developing countries domestic economic growth effects employment growth Epstein Equation equilibrium exchange rate appreciation exchange rate targeting expansionary exports external Figure foreign exchange foreign exchange market framework Frenkel FX market GDP growth gender global growth rate impact important income quintile increase India inflation rate inflation reduction episodes inflation targeting inflation targeting regime inflationary International Monetary Fund investment ISSP labor market long-run trend macro macroeconomic ment monetary base monetary policy monetary targeting money supply negative nominal exchange rate output percent period Philippines price stability ratio real exchange rate real interest rates relative inflation aversion Reserve Bank response SCRER shocks short-term South Africa Statistics Table Taylor tion trade trilemma variables volatility wage women’s
Bibliographic information
| Title | Beyond Inflation Targeting: Assessing the Impacts and Policy Alternatives |
| Editors | Gerald A. Epstein, A. Erinc Yeldan |
| Edition | illustrated, reprint |
| Publisher | Edward Elgar Publishing, 2009 |
| ISBN | 1849801983, 9781849801980 |
| Length | 318 pages |
| Subjects | › Business & Economics / Banks & Banking Business & Economics / Money & Monetary Policy |
| Export Citation | BiBTeX EndNote RefMan |