In June 2007, CEPR issued its first Policy Insight, authored by Andrew K Rose: "Are International Financial Crises a Barbarous Relic? Inflation Targeting as a Monetary Vaccine". Far more importantly, the first iPhone was released. The iPhone has stood the test of time well; over two billion have been sold, and Apple became the first trillion-dollar company. Inflation targeting has stood up just as well. Almost no one has experienced an international financial crisis on an iPhone, because of inflation targeting; currency crises have been crushed!
In this webinar, Andrew Rose presents CEPR Policy Insight 100, where he revisits Inflation Targeting and examines how it has withstood the test of time. Lars Svensson, former Deputy Governor of the Sveriges Riksbank, will join the discussion and consider Inflation Targeting in the new world of Covid-19. Tim Phillips will moderate the session.