The use and meaning of words in central banking: Inflation targeting, credibility and transparency

Central Banking, Monetary Theory and Practice: Essays in Honour of Charles Goodhart

Volumn 1, Issue , 2003, Pages 111-124

  Friedman, Benjamin M ^a  

^a HARVARD UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 75149197143     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.4337/9781781950777.00013     Document Type: Chapter

References (20)

1. Ahmed, Shaghil and John H. Rogers (2000), 'Inflation and the Great Ratios: Long Run Evidence from the US', Journal of Monetary Economics, 45 (February), 3-35.
2. Blanchard, Olivier J. and Lawrence H. Summers (1986), 'Hysteresis and European Unemployment', NBER Macroeconomics Annual, 1, 15-78.
3. Broaddus, J. Alfred, Jr (2001), 'Transparency in the Practice of Monetary Policy', Federal Reserve Bank of Richmond, Economic Quarterly, 87 (Summer), 1-9.
4. Calvo, Guillermo A. (1983), 'Staggered Contracts in a Utility-Maximizing Framework', Journal of Monetary Economics, 12 (September), 383-98.
5. Clarida, Richard, Jordi Gali and Mark Gertler (1999), 'The Science of Monetary Policy: A New Keynesian Perspective'. Journal of Economic Literature, 37 (December), 1661-707.
6. Debelle, Guy and Stanley Fischer (1994), 'How Independent Should a Central Bank Be?', in Fuhrer (ed.), Goals, Guidelines, and Constraints Facing Monetary Policy, Boston: Federal Reserve Bank of Boston.
7. Goodfriend, Marvin and Robert King (2001), 'The Case for Price Stability', The First ECB Central Banking Conference, Why Price Stability?, Frankfurt: European Central Bank.
8. Hume, David (1741 [1985]), 'Of the Parties of Great Britain', Essays: Moral, Political, and Literary (Miller, ed.), Indianapolis: Liberty Fund.
9. King, Mervyn (1997), 'Changes in UK Monetary Policy: Rules and Discretion in Practice', Journal of Monetary Economics, 39 (June), 81-97.
10. King, Mervyn (2000), 'Address to the Joint Luncheon of the American Economic Association and the American Finance Association', unpublished: Bank of England.
11. King, Robert G. and Mark W. Watson (1994), 'The Post-War U.S. Phillips Curve: A Revisionist Econometric History', Carnegie-Rochester Conference Series on Public Policy, 41 (December), 157-219.
12. Lasch, Christopher (1991), The True and Only Heaven: Progress and Its Critics, New York: Norton.
13. Matsushita, Yasuo (1996), 'The Role of Monetary Policy', Speech to the Research Institute of Japan (6 November), Bank of Japan website: www.boj.or.jp/en/press/koen004.htm.
14. Roberts, John M. (1995), 'New Keynesian Economics and the Phillips Curve', Journal of Money, Credit and Banking, 27 (November), 975-84.
15. Rotemberg, Julio J. (1982), 'Sticky Prices in the United States', Journal of Political Economy, 60 (November), 1187-211.
16. Solow, Robert M. (1998), 'How Cautious Must the Fed Be?', in Solow and Taylor, Inflation, Unemployment and Monetary Policy, Cambridge, Mass.: MIT Press.
17. Svensson, Lars E.O. (1997), 'Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets', European Economic Review, 41 (June), 1111-46.
18. Taylor, John B. (1979), 'Staggered Contracts in a Macro Model', American Economic Review, 69 (May), 108-13.
19. Welteke, Ernst (2001), remarks quoted in The New York Times, 30 August, W1.
20. Woodford, Michael (1994), 'Nonstandard Indicators for Monetary Policy: Can Their Usefulness Be Judged from Forecasting Regressions?', in Mankiw (ed.), Monetary Policy, Chicago: University of Chicago Press.