| List of Figures | |
| Preface | |
| Pt. 1 | Inflation Targeting: The Issues | 1 |
| 1 | Introduction | 3 |
| 2 | The Rationale for Inflation Targeting | 10 |
| 3 | Issues of Design and Implementation | 26 |
| Pt. 2 | Case Studies and Empirical Evidence | 39 |
| 4 | German and Swiss Monetary Targeting: Precursors to Inflation Targeting | 41 |
| 5 | New Zealand: Inflation-Targeting Pioneer | 86 |
| 6 | Canada: Inflation Targets as Tools of Communication | 115 |
| 7 | United Kingdom: The Central Bank as Counterinflationary Conscience | 145 |
| 8 | Sweden: Searching for a Nominal Anchor | 172 |
| 9 | Three Small Open Economies: Israel, Australia, and Spain | 203 |
| 10 | Inflation Targeting: How Successful Has It Been? | 252 |
| Pt. 3 | Conclusions | 285 |
| 11 | What Have We Learned? | 287 |
| 12 | Inflation Targeting for the United States and the European Monetary Union | 309 |
| Notes | 335 |
| References | 355 |
| Index | 367 |
