Challenges in Central Banking by Siklos P.L., Bohl M.T., Wohar M.E. (eds.)

By Siklos P.L., Bohl M.T., Wohar M.E. (eds.)

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2005), “Varieties of Central Bank – Executive Relationships,” Current Developments in Monetary and Financial Law, Washington, International Monetary Fund. (2008), “Inflation Targeting Around the World,” Emerging Markets Finance and Trade 44 (November/December): 5–16. The State of Play in Central Banking and the Challenges to Come 17 Svensson, L. E. O. ,” Journal of Money, Credit and Banking 31: 277–295. Svensson, L. E. O. and M. Woodford (2005), “Implementing Monetary Policy Through Inflation-Forecast Targeting,” in B.

H. Meltzer (1986), “A Theory of Ambiguity, Credibility, and Inflation Under Discretion and Asymmetric Information,” Econometrica 54: 1099–1128. Cúrdia, V. and M. Woodford (2008), “Credit Frictions and Optimal Monetary Policy,” Working Paper, Columbia University. Dincer, N. and B. ,” NBER Working Paper 13003, March. Eijffinger, S. C. W. and P. M. ,” European Journal of Political Economy 22: 1–21. Gali, J. and M. Gertler (1999), “Inflation Dynamics: A Structural Econometric Analysis,” Journal of Monetary Economics 44: 195–222.

Bernanke and M. ) The Inflation Targeting Debate (Chicago: University of Chicago Press). , O. Swank, and B. Visser (2006), “Transparency and Premeetings,” Tinbergen Institute Discussion Papers 06–054/1. Visser, B. and O. Swank (2007), “On Committees of Experts,” Quarterly Journal of Economics 122(1): 337–372. Woodford, M. (2003), Interest and Prices (Princeton, NJ: Princeton University Press). PART I PAST, PRESENT, AND FUTURE IN THE CONDUCT OF MONETARY POLICY 2 Is the Time Ripe for Price-Level Path Stability?

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