Over the past fifteen years, a significant number of industrialized
and middle-income countries have adopted inflation targeting as a
framework for monetary policymaking. As the name suggests, in such
inflation-targeting... more
Although all eyes have been on Southeast Asia since October, it's not the
only game around. A broader look shows that the financial crisis in
that part of the world is to global deflation what the 1973 oil embargo
was... more
Program-related investments (PRIs) are hybrid grants/loans made by
foundations to charities. They allow foundations to stretch their limited
funds further. This book provides foundations with guidelines for
evaluating PRIs,... more
In 1790 the French people, by general acquiescence, embarked upon what they
believed to be a harmless experiment in currency inflation. The results of
this action are vividly described in Dr. Andrew D. Whites... more