Special Issue "Inflation targeting: Is there a credible alternative?". Editorial to the Special Issue

First paragraph: The contributions in this special issue on inflation targeting were presented at the Spring Seminar of the Post Keynesian Economics Study Group (PKSG) held at Balliol College, Oxford (UK) in April 2008. PKSG was founded in 1988 by Philip Arestis and Victoria Chick. The purpose of the Study Group (now formally a professional association) is to encourage collaboration among scholars and students of Post Keynesian economics, defined broadly as economics centred on the principle of effective demand. A detailed account of the history of PKSG can be found in Hayes (2008).