Foreword
Viv Davies

Introduction
Lucrezia Reichlin and Richard Baldwin

Who killed the inflation target?
Lorenzo Bini Smaghi

Is inflation targeting passé?
Stefan Gerlach

Monetary targetry: Might Carney make a difference?
Charles A.E. Goodhart, Melanie Baker and Jonathan Ashworth

Is inflation targeting dead?
Ben Broadbent

Cheap talk is no alternative to inflation targeting
Adam S. Posen

The evolution of modern central banking: What happens next?
Mohamed A El-Erian

Inflation targeting: Fix it, don’t scrap it
Michael Woodford

Nominal-GDP targets, without losing the inflation anchor
Jeffrey Frankel

Reviving ‘money and banking’
Markus Brunnermeier and Yuliy Sannikov

A broader mandate: Why inflation targeting is inadequate
Karl Whelan

Flexible inflation targeting: Performance and challenges
Ryan Banerjee, Stephen Cecchetti and Boris Hofmann

Will central banking change?
Charles Wyplosz

Central banking after the Crisis: Challenges for the ECB
Huw Pill

Challenges to inflation targeting after the Crisis
Lucrezia Reichlin