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CONTENTS Preface Chapter 1: How Did We Get Here? PART I: FUNDAMENTAL ISSUES IN THE CONDUCT OF MONETARY POLICY Introduction to Part I Chapter 2: What Should Central Banks Do? Chapter 3: The Transmission Mechanism and the Role of Asset Prices in Monetary Policy Chapter 4: The Role of Output Stabilization in the Conduct of Monetary Policy Chapter 5: Can Central Bank Transparency Go Too Far? Chapter 6: Is There a Role for Monetary Aggregates in the Conduct of Monetary Policy? Chapter 7: Rethinking the Role of NAIRU in Monetary Policy: Implications of Model Formulation and Uncertainty PART II: MONETARY POLICY STRATEGY IN ADVANCED ECONOMIES Introduction to Part II Chapter 8: Central Bank Behavior and the Strategy of Monetary Policy: Observations from Six Industrialized Countries Chapter 9: Inflation Targeting: A New Framework for Monetary Policy? Chapter 10: International Experiences with Different Monetary Policy Regimes Chapter 11: Why the Fed Should Adopt Inflation Targeting PART III: MONETARY POLICY STRATEGY IN EMERGING MARKET AND TRANSITION ECONOMIES Introduction to Part III Chapter 12: Inflation Targeting in Emerging Market Countries Chapter 13: Monetary Policy Strategies for Latin America Chapter 14: Monetary Policy Strategies for Emerging Market Countries: Lessons from Latin America Chapter 15: Inflation Targeting in Transition Countries: Experience and Prospects Chapter 16: One Decade of Inflation Targeting in the World: What Do We Know and What Do We Need to Know? Chapter 17 The Dangers of Exchange Rate Pegging in Emerging-Market Countries Chapter 18: The Mirage of Exchange Rate Regimes for Emerging Market Countries PART IV: WHAT HAVE WE LEARNED? Introduction to Part IV Chapter 19: Everything You Wanted to Know About Monetary Policy Strategy, But Were Afraid to Ask
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