This volume of the International Journal of Central Banking includes the proceedings from the conference titled “Inflation Targeting and Its Discontents,” hosted by the Narodowy Bank Polski (National Bank of Poland) on September 6–7, 2013.
Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area
Dominic Quint and Pau Rabanal
Financial Frictions and Macroprudential Policy
Michal Brzoza-Brzezina
Financial Stability and Monetary Policy: How Closely Interlinked?
Frank Smets
Do Inflation-Targeting Central Banks Implicitly Target the Price Level?
Francisco Ruge-Murcia
Are Long-Term Inflation Expectations Well Anchored in Brazil, Chile, and Mexico?
Michiel De Pooter and Patrice Robitaille and Ian Walker and Michael Zdinak
Establishing and Maintaining a Firm Nominal Anchor
Andrew Levin
Opening remarks
Risks to Price Stability, the Zero Lower Bound, and Forward Guidance: A Real-Time Assessment
Günter Coenen and Anders Warne
Fiscal Policy and the Inflation Target
Peter Tulip
Inflation Targeting and "Leaning against the Wind"
Lars E.O. Svensson
The Risk Channel of Monetary Policy
Oliver de Groot
