This book investigates the importance of institutional arrangements for policy outcomes. In particular, the book answers the question whether there are signific

Over the last three decades, inflation targeting (IT) has become the most popular monetary policy framework among larger economies. At the same time, its consti

Since the financial crisis of 2008/09, the world’s major central banks have been struggling to return their economies to higher growth and to reach their infl

Over the past fifteen years, a significant number of industrialized and middle-income countries have adopted inflation targeting as a framework for monetary pol

An increasing number of central banks have adopted the inflation targeting strategy, and the trend does not seem to be ending. If inflation targeting offers a p