Monetary Theory and Policy Experience

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Exploring the rationale behind governments' preference for specific inflation targets, this book delves into the broader implications of monetary policy. Contributions from academic experts and central bank officials examine monetary policy beyond mere inflation targeting. Notable insights from Nobel Laureate Robert Mundell address state sovereignty over money, while Michael Bordo and Lars Jonung analyze data from fourteen industrialized nations over the last century, revealing the interplay between fiscal and monetary regimes.