Social and Behavioral Sciences Commons^™

A Dynamic Approach To Inflation Targeting In Transition Economies, Lucjan T. Orlowski

WCBT Faculty Publications

This study views inflation targeting as a viable monetary regime for more advanced transition economies. A dynamic approach to the trajectory of disinflation and to the flexibility of direct inflation targeting is presented in the context of achieving monetary convergence to the EU/AMU. The candidate countries are advised to begin from strict inflation targeting and to follow with a more flexible inflation targeting regime before they establish a necessary ‘foundational credibility’ and monetary stability. These steps, ultimately followed by a euro-peg, are necessary in preparing for accession to the eurozone. The early experiences of the Czech Republic and Poland with …

Quantity And Quality In Economic Research, Volume Iv (Book Review), Ralph Lim

WCBT Faculty Publications

Book review by Ralph Lim.

Bonitsis, T. D., & Brown, R. C. (Eds.). (1997). Quantity and Quality in Economic Research, Volume IV. Aldershot, England: Ashgate Publishing. ISBN 9781859726822

Ben S. Bernanke, Thomas Laubach, Frederic S. Mishkin, And Adam S. Posen, Inflation Targeting (Book Review), Lucjan T. Orlowski

WCBT Faculty Publications

The volume by Bernanke, Laubach, Mishkin, and Posen provides a comprehensive examination of inflation targeting practices of nine countries: Germany, Switzerland, New Zealand, Canada, the United Kingdom, Sweden, Israel, Australia, and Spain.