Overview

An increasing number of central banks have adopted the inflation targeting strategy, and the trend does not seem to be ending. If inflation targeting offers a precise framework, its policy implications are surprisingly imprecise. For the strategy to be understood and generally supported, inflation targeting central banks need to communicate clearly and precisely. This is undoubtedly why they have also adopted the practice of producing a new publication, often referred to as inflation reports. This study, the second Special Report in the ICMB/CEPR series of Geneva Reports on the World Economy, offers the first in-depth analysis and evaluation of 20 inflation reports.

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9781898128762

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Andrea Fracasso is currently a postgraduate student at the Graduate Institute of International Studies in Geneva. Hans Genberg is the executive director of research at the Hong Kong Monetary Authority. Charles Wyploz is a professor of economics at the Graduate Institute of International Studies, Geneva.

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