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Monetary Policy and Financial Stability: Is Inflation Targeting Passe?

Monetary Policy and Financial Stability: Is Inflation Targeting Passe?

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This paper addresses challenges of monetary policy when asset prices are rising fast, asking whether flexible inflation targeting needs any modification for optimal monetary policy in an environment of volatile asset prices.
This paper addresses challenges of monetary policy when asset prices are rising fast, asking whether flexible inflation targeting needs any modification for optimal monetary policy in an environment of volatile asset prices.

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Published by: Asian Development Bank on Aug 28, 2013
Copyright:Attribution Non-commercial

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02/04/2014

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 ADB Economics Working Paper Series
Monetary Policy and Financial Stability:Is Ination Targeting Passé?
 Takatoshi ItoNo. 206 | July 2010
 
ADB Economics Working Paper Series No. 206
Monetary Policy and Financial Stability:Is Inlation Targeting Passé?
Takatoshi Ito
July 2010
Takatoshi Ito is Professor at the Graduate School of Economics, University of Tokyo. This paper wasinitially prepared as a background material for the Asian Development Bank’s (ADB)
 Asian Development Outlook 2010 
(www.adb.org/Economics/).

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