Inflation Targeting in Practice
Subtitle: Strategic and Operational Issues and Application to Emerging Market Economies
Contributors: Mario I. Blejer (Editor); Alain Ize (Editor); Alfredo M. Leone (Editor); Sergio Werlang (Editor)
Publisher: International Monetary Fund
Published: May 2000
Language: eng
Format: Paperback
Number of pages: 94
ISBN-13: 9781557758897
Subjects: Monetary policy; Case studies; Anti-inflationary policies; Business / Economics / Finance; Business/Economics; Inflation; Inflation (Finance)
First sentence: It is not an easy task to find many areas in economics where almost full agreement has emerged in the last few years.
Description: 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.--Publisher's description.