This book, edited by Tomás J.T. Baliño and Carlo Cottarelli, addresses some of the strategic issues faced by policymakers in the choice of a monetary regime.

The open access publication of this book has been published with the support of the Swiss National Science Foundation. In Monetary Stability as a Common Concern

This paper reviews the performance of the UK's flexible inflation targeting framework against the internationally-accepted monetary policy objective of price st

Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial mar

Since the end of the Great Recession in 2009 the central banks of the advanced countries have taken unprecedented actions to reflate and stimulate their economi