Mehdi Siamak MONADJEMI John LODEWIJKS

Post Inflation Targeting Monetary Policy: A Study of Britain, Japan and the United

There is now considerable disquiet about the appropriate monetary strategy that central banks should follow in the aftermath of the global financial crisis. Several influential commentators have called for the abandonment of inflation targeting. Empirical research examining three major economies demonstrates that inflation targeting was effective prior to the crisis and a more flexible form of targeting may still be appropriate after the crisis.
JEL ClassificationE52, E58, E65

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Author(s)

Mehdi Siamak MONADJEMI
University of New South Wales, Australia

John LODEWIJKS
University of New South Wales, Australia

Correspondence

Mehdi Siamak Monadjemi, Australian School of Business, University of New South Wales, Sydney, Australia

Article History

Received: April 26, 2013
Accepted: May 6, 2013
Available Online: May 15, 2014

Cite Reference

Monadjemi, M. and Lodewijks, J., 2014. Post Inflation Targeting Monetary Policy: A Study of Britain, Japan and the United States. Expert Journal of Economics, 2(1), pp. 21-29

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