USDU - The Real Price Of Inflation Targeting
While still a professor of Economics at Princeton, future Federal Reserve Chairman Ben Bernanke was also a Research Associate for the NBER. In 1999, in his capacities with the latter organization, Bernanke advocated for widespread adoption of inflation targeting. At that time, only a few central banks had experimented with it and there wasn't much evidence for its effectiveness.
Publishing a paper on that topic, he would return to this theme (transparency increases effectiveness) that would have, if 2008 hadn't intruded, probably defined his official tenure. Inflation targeting worked and worked well, he claimed,