ABSTRACT
It is with great pleasure and honour that I have written this piece to honour the work of a great friend. I have known Harald Hagemann for a very long time as a colleague and as a friend, and have collaborated on many occasions on a number of academic activities. Harald has always been a true academic, taking the job he is involved with seriously but at the same time with the proper human attitude. It has been a real pleasure to have worked and collaborated with Harald on numerous occasions. Harald’s contributions to economics straddle a number of aspects. It is for this very reason that this particular contribution embraces a number of aspects, as is evident from its title. The choice of inflation targeting is not accidental. It gives me the opportunity to cover not merely the historical and theoretical aspects of inflation targeting but also the empirical dimension as well – an important aspect of it.
