Inflation Targeting in Practice Strategic and Operational Issues and Application to Emerging Market Economies

A growing number of countries are anchoring their monetary policy through explicit inflation targeting. This policy has already scored remarkable successes in several countries, establishing central bank credibility, and reining in inflation where it had long been stubbornly high. But implementing i...

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Bibliographic Details
Main Author: Bléjer, Mario
Other Authors: Ize, Alain, Leone, Alfredo, Werlang, Sérgio
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2000
Subjects:
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Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:A growing number of countries are anchoring their monetary policy through explicit inflation targeting. This policy has already scored remarkable successes in several countries, establishing central bank credibility, and reining in inflation where it had long been stubbornly high. But implementing inflation targets raises many difficult questions. What prerequisites must an economy and its institutions meet for the strategy to work? What choices should central banks make from the menu of possible variations on the basic approach? This book summarizes the discussions in a seminar at which economists and policymakers from ten countries reviewed their experiences with inflation targeting
Physical Description:108 pages
ISBN:9781557758897