What has inflation targeting achieved? / Mervyn King -- Implementing optimal policy through inflation-forecast targeting / Lars E.O. Svensson and Michael Woodford -- Optimal inflation-targeting rules / Marc P. Giannoni and Michael Woodford -- Inflation targeting, price-path targeting, and output variability / Stephen G. Cecchetti and Junhan Kim -- Imperfect knowledge, inflation expectations, and monetary policy / Athanasios Orphanides and John C. Williams -- Does inflation targeting matter? / Laurence Ball and Niamh Sheridan Limits to inflation targeting / Christopher A. Sims -- Inflation targeting in the United States? / Marvin Goodfriend -- Inflation targeting in transition economies : experience and prospects / Jiri Jonas and Frederic S. Mishkin -- Inflation targeting and sudden stops / Ricardo J. Caballero and Arvind Krishnamurthy