Category Archives: Inflation Targetting

As a 65 year old win­ner of the Nobel Prize in Eco­nom­ics, Joseph Stiglitz is not some­one that main­stream econ­o­mists can dis­miss as either a crank or senile–the usu­al reac­tions to any­one who oppos­es con­ven­tion­al thought in eco­nom­ic the­o­ry or pol­i­cy.

So when he comes out and says that infla­tion tar­get­ting is fool­ish and dan­ger­ous, his views are worth tak­ing note of. Here is Stiglitz’s com­men­tary on infla­tion tar­get­ting, pub­lished ear­li­er this month.