Quarterly Journal of Austrian Economics
Author:
Nikolay Gertchev
Online Publish Date:
of inflation targeting, which has become the standard framework for monetary policy. It shows that due to the inflation-targeting literature’s neglect for the IT that account for its distinctiveness? Is its success due to a fundamental and innovative breakthrough in monetary theory? This article purports to provide answers relevant information with respect to the causal relations in the economy, to the policies pursued by the authorities, and to the economic models and theories that