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

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Inflation Targeting in Practice: Strategic and Operational Issues and Application to Emerging Market Economies by , INTERNATIONAL MONETARY FUND
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Author: ISBN: 9781455261888
Publisher: INTERNATIONAL MONETARY FUND Publication: August 21, 2000
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author:
ISBN: 9781455261888
Publisher: INTERNATIONAL MONETARY FUND
Publication: August 21, 2000
Imprint: INTERNATIONAL MONETARY FUND
Language: English
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.
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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.

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