A thorough examination of the past twenty years of inflation targeting by a distinguishing team of academics and professional economists.

past twenty years and what challenges we may face in the future.

Review
'After the financial crisis, central banks stand at a crossroads, and this book provides an invaluable guide. In it, a diverse set of academic and central bank contributors survey both the past achievements of inflation targeting as well as future challenges, including re-examining the role of asset prices in formulating monetary policy.' Glenn Rudebusch, Federal Reserve Bank of San Francisco 'A valuable collection of thoughtful and up-to-date views on all aspects of inflation targeting from an impressive group of experts.' David Miles, Monetary Policy Committee, Bank of England

David Cobham is Professor of Economics at Heriot-Watt University. Oyvind Eitrheim is Director of the Research Department at Norges Bank. Stefan Gerlach is Professor of Monetary Economics at the Institute for Monetary and Financial Stability, University of Frankfurt. Jan F. Qvigstad is Deputy Governor of Norges Bank.