Beyond Inflation Targeting: Assessing the Impacts and Policy Alternatives

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Gerald A. Epstein, A. Erinc Yeldan
Edward Elgar Publishing, 2009 - Business & Economics - 318 pages
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This 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

assessing the impacts and policy alternatives
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
Index
315

19992006
139

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