Philadelphia Fed Business Review, 3rd Quarter 2006

The Federal Reserve Bank of Philadelphia published its Business Review for the Third Quarter 2006 on 8 September. The latest issue contains an article which reviews inflation targeting in developed countries.

In "A Review of Inflation Targeting in Developed Countries," Mike Dotsey examines five countries that have been targeting inflation for at least 10 years and whose inflation rates, though fairly well contained before inflation targeting, were nonetheless considered too high by policymakers

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