Munich Personal RePEc Archive

Inflation Targeting is Neither Necessary Nor Sufficient

Tatom, John (2006): Inflation Targeting is Neither Necessary Nor Sufficient. Published in: Research Buzz , Vol. 2, No. 5 (31 May 2006): pp. 1-2.


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Proponents of inflation targeting suggest that countries using this tool understand better, their responsibility for price stability and are able to better communicate their superior policy target. Thus, they also should achieve lower inflation. Fed Chair Ben Bernanke is a strong proponent of inflation targeting, conducting monetary policy to achieve an announced target. This article discusses whether inflation targeting is necessary.

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